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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
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Heads South
- RES 4: 0.8925 High Mar 7 and a key resistance
- RES 3: 0.8890 High Mar 10
- RES 2: 0.8844 Intraday high
- RES 1: 0.8836 Low Mar 14
- PRICE: 0.8831 @ 13:10 GMT Mar 15
- SUP 1: 0.8722 Low Jan 19 and a key support
- SUP 2: 0.8712 61.8% retracement of the Dec 1 - Feb 3 bull leg
- SUP 3: 0.8691 Low Dec 19
- SUP 4: 0.8649 76.4% retracement of the Dec 1 - Feb 3 bull leg
EURGBP is trading lower today marking an extension of the pullback from 0.8925, the Mar 7 high. The cross has breached support at 0.8755, the Feb 28 low and this clears the way for weakness towards 0.8722 next, the Jan 19 low. Clearance of this level would leave the 0.8700 handle exposed. On the upside, initial firm resistance is seen at today’s high of 0.8844. A break of this resistance is required to ease bearish pressure.
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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.