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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 AccessMNI UST Issuance Deep Dive: Dec 2024
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Heading North
- RES 4: 1.2011 High Sep and key resistance
- RES 3: 1.1917 76.4% retracement of the Sep 1 - 25 sell-off
- RES 2: 1.1885 1.0% 10-dma envelope
- RES 1: 1.1881 High Oct 21
- PRICE: 1.1871 @ 16:49 BST Oct 21
- SUP 1: 1.1822 Intraday low
- SUP 2: 1.1760 Low Oct 20
- SUP 3: 1.1734 50-day EMA
- SUP 4: 1.1712 Trendline support drawn off the Sep 28 low
EURUSD gained further Wednesday, hitting the best levels since mid-September in the process. This week's positive trend remains intact after breaching the bull trigger at 1.1831, Oct 9 high. The break higher suggests scope for an extension towards 1.1917, a Fibonacci retracement level. The major resistance and hurdle for bulls is at 1.2011, Sep 1 high. On the downside, initial firm support lies at 1.1760, Tuesday's low.
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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.