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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 BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Key Support Exposed
- RES 4: 1.2243 High Feb 25 and the bull trigger
- RES 3: 1.2184 High Feb 26
- RES 2: 1.2113 High Mar 3
- RES 1: 1.2067 High Mar 4
- PRICE: 1.1959 @ 05:53 GMT Mar 5
- SUP 1: 1.1952 Low Feb 5, intraday low and the bear trigger
- SUP 2: 1.1945 23.6% retracement of the Mar - Jan rally
- SUP 3: 1.1908 Low Nov 27
- SUP 4: 1.1882 Low Nov 25
The EURUSD short-term outlook remains bearish and yesterday's sharp move lower reinforces this condition. The move lower exposes key near-term support at 1.1952, Feb 25 low where a break would confirm a resumption of the move lower that started February 6. This would open 1.1945, a retracement level and 1.1908, the Nov 27 low. Firm near-term resistance has been defined at 1.2113, Mar 3 high.
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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.