Free Trial

Gbp0.8826-56 Support Key........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8826-56 Support Key Today
*RES 4: Gbp0.8981 High Nov 28 
*RES 3: Gbp0.8939 100-DMA 
*RES 2: Gbp0.8922 Low Nov 27 now resistance 
*RES 1: Gbp0.8889 Hourly resistance Dec 21
*PRICE: Gbp0.8879 @ 0530GMT
*SUP 1: Gbp0.8856 Hourly support Dec 20 
*SUP 2: Gbp0.8826 Low Dec 20 
*SUP 3: Gbp0.8780 Hourly support Dec 15 
*SUP 4: Gbp0.8759 Lows Dec 14 & 15
*COMMENTARY: Bulls take comfort in the pair gaining traction above the 55-DMA
(Gbp0.8869) as it currently flirts with the bear channel top (Gbp0.8876). Bulls
now focus on Gbp0.8922-81 where the 100-DMA is found. Bulls need a close above
Gbp0.8981 to shift initial focus to Gbp0.9048-0.9107. Initial support is now
noted at Gbp0.8856 with bears needing a close below to gain breathing room and
below Gbp0.8826 to shift focus back to Gbp0.8690-0.8759.

To read the full story

Close

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.