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Free AccessKey Resistance Remains Exposed
- RES 4: 0.8840 High Feb 2
- RES 3: 0.8811 1.236 proj of the Apr 14 - Jun 15 - Aug 2 price swing
- RES 2: 0.8721 High Jun 15 and a medium-term bull trigger
- RES 1: 0.8712 High Sep 8
- PRICE: 0.8679 @ 06:58 BST Sep 12
- SUP 1: 0.8655 Low Sep 8
- SUP 2: 0.8567 Low Sep 6 and a key short-term support
- SUP 3: 0.8520 50-day EMA
- SUP 4: 0.8471 Low Aug 29
EURGBP is trading closer to its recent high and the outlook remains bullish. Price has topped 0.8679, the Jul 1 high. The breach strengthens bullish conditions and exposes the key resistance at 0.8721, the Jun 15 high and an important bull trigger. Clearance of 0.8721 would confirm a resumption of the bull cycle that started early March. On the downside, initial firm support is seen at 0.8567, the Sep 6 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.