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Why MNI
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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 AccessHolding On To Recent Gains
- RES 4: 0.8627 High Jul 4
- RES 3: 0.8585 High Jul 21 and a key resistance
- RES 2: 0.8476 50-day EMA
- RES 1: 0.8471 High Aug 10
- PRICE: 0.8444 @ 16:31 BST Aug 10
- SUP 1: 0.8340 Low Aug 2 and the bear trigger
- SUP 2: 0.8313 Low Apr 22
- SUP 3: 0.8233 2.0% 10-dma envelope and low Apr 14
- SUP 4: 0.8203 Low Mar 7 and a key support
EURGBP traded higher Tuesday and is holding on to its latest gains since bouncing off 0.8340, the Aug 2 low. The broader outlook is bearish and gains are considered corrective. Recent weakness reinforced a bearish theme and established a price sequence of lower lows and lower highs. Moving average studies are in bear mode too. A continuation lower would open 0.8313, Apr 22 low. Initial firm resistance is 0.8476, the 50-day EMA.
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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.