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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.
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Free AccessFlirting With 21-DMA *RES 4:....>
EURO-STERLING TECHS: Flirting With 21-DMA
*RES 4: Gbp0.8812 100-DMA
*RES 3: Gbp0.8797 High Mar 27
*RES 2: Gbp0.8749 Hourly resistance Apr 6
*RES 1: Gbp0.8720 21-DMA
*PRICE: Gbp0.8717 @ 0430GMT
*SUP 1: Gbp0.8690 Alternating daily support/resistance
*SUP 2: Gbp0.8664 Hourly breakout level Apr 18
*SUP 3: Gbp0.8641 Hourly support Apr 18
*SUP 4: Gbp0.8618 2018 Low Apr 17
*COMMENTARY: O/S daily studies and Bolli base (Gbp0.8642) limiting follow
through impacted with an aggressive break higher that sees the pair flirting
with the 21-DMA. Bulls look for a close above Gbp0.8749 to confirm a break of
the 21-DMA and to return focus to Gbp0.8797-0.8812 where 55 & 100-DMAs are
located. Bears now look for a close below Gbp0.8664 to retain focus on
Gbp0.8380-0.8515 with below Gbp0.8380 to confirm focus on Gbp0.8313 2017 lows.
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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.