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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.
EURGBP TECHS
- RES 4: 0.8526 76.4% retracement of the Dec 8 - Feb 3 downleg
- RES 3: 0.8512 High Dec 22
- RES 2: 0.8480 61.8% retracement of the Dec 8 - Feb 3 downleg
- RES 1: 0.8443 50.0% retracement of the Dec 8 - Feb 3 downleg
- PRICE: 0.8433 @ 06:24 GMT Feb 4
- SUP 1: 0.8362 20-day EMA
- SUP 2: 0.8285 Low Feb 3
- SUP 3: 0.8282/77 Low Feb’20 / Dec’19 and key bear trigger
- SUP 4: 0.8242 50% Fibonacci Retracement 2015-2020 Upleg
EURGBP traded lower yesterday, below 0.8300, before rebounding sharply. The cross is firmer again today. Price has bounced ahead of a major area of support, with 0.8300 representing the base of a multi-year range the cross has been trading within since 2016. 0.8282/77 marks the Feb’20 and Dec’19 lows. The reversal from this key area of support suggests bullish activity will likely persist near-term. Sights are on 0.8443 next, a Fibonacci retracement.
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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