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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Finds Near Term Support From....>
EURO-STERLING TECHS: Finds Near Term Support From Above Feb 27 High At Stg0.8844
*RES 4: Stg0.8981/88 Nov 28 high, 1% volatility band
*RES 3: Stg0.8968 Mar 7 high
*RES 2: Stg0.8925/40 Hourly highs Mar 8, Mar 5
*RES 1: Stg0.8895/00 Hourly resistance
*PRICE: Stg0.8867 @0906GMT
*SUP 1: Stg0.8844/50 Feb 27 high, Mar 12 low
*SUP 2: Stg0.8815/20 Hourly congestion Feb 26-Feb 27
*SUP 3: Stg0.8810 1% volatility band
*SUP 4: Stg0.8771 Feb 26 low
*COMMENTARY* It seems that we were not quite ready for a challenge to the top of
the congested trading area that has prevailed for the last 6 months, let alone a
break out. The failure below Stg0.8981-Stg0.9032 last week, has seen a return
into the recent range. Near term support from Stg0.8875-Stg0.8870 has been lost
and opens the way for a deeper Stg0.8844-Stg0.8815 fall. Meanwhile,
Stg0.8895-Stg0.8900 currently bars the way higher again.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.