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Policy
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Real-time insight on key fixed income and fx markets.
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Free AccessKey support gives way: *RES.....>
EURO-STERLING TECHS: Key support gives way:
*RES 4: 0.9028 T-line resistance drawn off Aug 12 high
*RES 3: 0.9031 High Sep 5
*RES 2: 0.9015 High Sep 9
*RES 1: 0.8975 High Sep 13
*PRICE: 0.8829 @ 19:28 GMT Sep 18
*SUP 1: 0.8839 Low Sep 18
*SUP 2: 0.8820 Bear channel base drawn off the Aug 12 high
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8725 Low Jun 21
Both the downtrend and (more importantly) 200-dma gave way Wednesady, opening
fresh lows for the cross and turning focus to the 0.8809, 61.8% Fibonacci
retracement. In candle terms, Friday's pattern is a standard line, a
continuation pattern highlighting the likelihood the cross will remain soft
near-term. Momentum and moving average studies continue to point south too. On
the upside, resistance is located at Friday's 0.8975 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.