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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 POLITICAL RISK - Trump Nominees Face Capitol Hill Scrutiny
MNI US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
Looking Lower *RES 3: 0.8504....>
EURO-STERLING TECHS: Looking Lower
*RES 3: 0.8504 High Oct 10
*RES 2: 0.8459 High Feb 11
*RES 1: 0.8400 High Feb 13
*PRICE: 0.8311 @ 17:21 GMT Feb 18
*SUP 1: 0.8282 Low Feb 18
*SUP 2: 0.8277 Low Dec 13
*SUP 3: 0.8251 Low Jul 14 2016
EURGBP Tuesday confirmed that last week's short-term direction was prescient and
resumed the downtrend. The sharp sell-off Thursday confirmed a break of former
support at 0.8387, the Jan 31 low, confirming a bearish tone. This opens the
December low at 0.8277. Note, a break of 0.8277 would also highlight a major
bearish breakout of the broad range the cross has been trading within since Oct
2016. A key S/T resistance has been defined at 0.8538, Feb 4 high. Initial
resistance is at 0.8400.
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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.