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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 ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Gains Stall Ahead Of The 20-Day EMA
- RES 4: 1.11232 61.8% retracement of the Feb 10 - Mar 7 bear leg
- RES 3: 1.1165 1.0% 10-dma envelope
- RES 2: 1.1138 20-day EMA
- RES 1: 1.1121 Low Jan 28/Mar 10 and recent breakout level
- PRICE: 1.1005 @ 06:15 GMT Mar 11
- SUP 1: 1.0890/06 Low Mar 9 / Low Mar 7 and the bear trigger
- SUP 2: 1.0767 Low May 7 2020
- SUP 3: 1.0727 Low Apr 24, 2020
- SUP 4: 1.0654 2.50 proj of the Jan - Mar - May 2021 price swing
EURUSD traded higher Thursday touching 1.1121 - the Jan 28 low and recent breakout level flagged earlier in the week. With resistance holding here, bulls will look for a clear break above 1.1121 to signal scope for a test of 1.1138 - the 20-day EMA and an important resistance, as well as the vol-band resistance of 1.1165. The Wednesday low at 1.0890 marks first support ahead of the cycle low at 1.0806.
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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.