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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 POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
MNI US MARKETS ANALYSIS - AUD/JPY Finds Bottom on China News
Heading North
- RES 4: 1.1065 High Aug 10
- RES 3: 1.1005 High Aug 11
- RES 2: 1.0960/83 61.8% of Jul 18-Oct 3 downleg / 2.0% 10-dma env
- RES 1: 1.0945/46 High Aug 30 and key resistance / Intraday High
- PRICE: 1.0941 @ 16:44 GMT Nov 20
- SUP 1: 1.0825/0756 Low Nov 17 / High Nov 5, recent breakout level
- SUP 2: 1.0656 Low Nov 10 and key short-term support
- SUP 3: 1.0568 Low Nov 2
- SUP 4: 1.0517/0496 Low Nov 1/ 13
EURUSD started the week on a bullish note as the pair extended last week’s rally. Recent strong gains reinforce the current bullish technical picture and the move higher signals scope for a climb towards 1.0945 next, the Aug 30 high and a key resistance. This level was briefly pierced Monday. Moving average studies have crossed, highlighting a bull-mode position and a rising trend. Initial support lies at 1.0825, the Nov 17 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.