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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 AccessHolding Above Last Week’s Low
- RES 4: 0.8658 High Sep 29 and a key resistance
- RES 3: 0.8624 High Oct 1
- RES 2: 0.8553/8600 High Dec 10 and 14 / High Dec 8
- RES 1: 0.8528 High Dec 15 / 16 / 17
- PRICE: 0.8511 @ 06:22 GMT Dec 20
- SUP 1: 0.8454 Low Dec 16
- SUP 2: 0.8411 Low Nov 26
- SUP 3: 0.8381 Low Nov 22 and the bear trigger
- SUP 4: 0.8356 Low Feb 26, 2020
EURGBP sold off sharply Dec 16 before rebounding from the session low of 0.8454. Support at 0.8486 has been cleared, Dec 15 low. This signals a potential strengthening of short-term bearish pressure and further weakness would open 0.8411, Nov 26 low and the key support at 0.8381, Nov 22 low. Initial firm resistance is seen at the 0.8553 level, the Dec 10 / 14 high. Clearance of this resistance would reinstate the recent bullish focus.
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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.