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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
Focus Is On Trendline Support
- RES 4: 1.2419 2.0% 10-dma envelope
- RES 3: 1.2314 2.0% Upper Bollinger Band
- RES 2: 1.2293/05 High Apr 23, 2018 / 1.764 of Nov 4 - 9 - 11 swing
- RES 1: 1.2273 High Dec 17 and the bull trigger
- PRICE: 1.2186 @ 05:48 GMT Dec 23
- SUP 1: 1.2133/30 Trendline drawn off the Nov 4 low / Low Dec 21
- SUP 2: 1.2109 20-day EMA
- SUP 3: 1.2059 Low Dec 10 and key support
- SUP 4: 1.2040 Low Dec 2
EURUSD traded in a volatile manner Monday and maintained a softer tone yesterday. Underlying bullish conditions remain intact though. However, the daily trend condition is overbought and this does suggest the pair is due a correction. If correct, this would signal scope for weakness towards 1.2109, the 20-day EMA that lies just below a trendline support at 1.2133, drawn off the Nov 4 low. A break would be bearish. 1.2273 is the bull trigger.
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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.