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Free AccessMulti-month highs: *RES 4:......>
EURO-STERLING TECHS: Multi-month highs:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9070 Trendline drawn off the Oct 7 2016 high
*RES 2: 0.9062 High Jan 11
*RES 1: 0.9024 Intraday high
*PRICE: 0.9017 @ 08:58 GMT Jul 16
*SUP 1: 0.8957/54 21-dma / Low Jul 8 and key near-term support
*SUP 2: 0.8921 Low Jul 2
*SUP 3: 0.8893/91 2% lower Bollinger band / Low Jun 20
*SUP 4: 0.8851 Low Jun 7
EURGBP breached the key 0.9000/10 area, accelerating the move to multi-month
highs of 0.9020. A close above this zone would further cement the uptrend and
negate the doji signal seen on the weekly charts. Furthermore, this would also
open the Jan 11 high and down trendline drawn off the Oct 7 2016 high at
0.9062/70. Initial key support lies at 0.8954, the low of Jul 8 and needs to
hold to avoid a deeper corrective pullback.
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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.