Free Trial
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.
EURO-STERLING TECHS
EURGBP rallied earlier today but has found resistance once again.
- The cross continues to challenge trendline resistance drawn off the Sep 11 high.
- Today's move above the line is the fourth attempt this month.
- Between Oct 7 and 9, an attempt to clear the trendline failed to deliver a daily close above it.
- The same outcome is possible today with price once again trading just below the trendline. The line intersects at 0.9081 today.
- A daily close above 0.9081 would be constructive for bulls. Also, a break of resistance at 0.9162, Oct 7 high would strengthen a bullish case.
- Until then, EURGBP appears vulnerable and yesterday's low of 0.9020 remains exposed.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok