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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 Credit Weekly: The Hangover
MNI: Italy To Overshoot 2024 Fiscal Target - Sources
Impulsive Bearish Tone Intact.....>
EURO-DOLLAR TECHS: Impulsive Bearish Tone Intact
*RES 4: 1.1048/63 High Feb 5 / T-line resistance drawn off Dec 31 high
*RES 3: 1.1014 High Feb 6
*RES 2: 1.0958 High Feb 10
*RES 1: 1.0926 High Feb 12
*PRICE: 1.0871 @ 05:52 GMT Feb 13
*SUP 1: 1.0865 Low Feb 12 and intraday low
*SUP 2: 1.0839 Low May 11, 2017
*SUP 3: 1.0803 1.618 projection of Jan 16 - Jan 29 decline from Feb 3 high
*SUP 4: 1.0777 1.764 projection of Jan 16 - Jan 29 decline from Feb 3 high
EURUSD remains in a clear downtrend and reinforced this condition yesterday with
the pair selling off once again. An impulsive bearish tone dominates. Key
support at 1.0879, Oct 1 low has been probed. A clear break of this level would
reinforce current bearish conditions and open 1.0839 and 1.0803. Initial
resistance has been defined at 1.0926, yesterday's high. A break is needed to
provide some relief. For now though, EURUSD remains heavy!
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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.