CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Narrows Gap With Trend Channel Top

EURUSD TECHS
  • RES 4: 1.0536 High Jun 29
  • RES 3: 1.0488 High Jun 30
  • RES 2: 1.0449 High Jul 5
  • RES 1: 1.0352 Bull channel resistance drawn from the Feb 10 high
  • PRICE: 1.0335 @ 15:10 BST Aug 10
  • SUP 1: 1.0202 Intraday low
  • SUP 2: 1.0097 Low Aug 27 and key short-term support
  • SUP 3: 1.0064/0.9952 Low Jul 18 / 14 and the bear trigger
  • SUP 4: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing

EURUSD traded higher following the July US CPI release. The pair has traded above resistance at 1.0294, the Aug 2 high and is challenging the 50-day EMA, at 1.0331. The resumption of gains signals scope for an extension higher within the bull channel - the top is at 1.0352 and this level represents a key resistance - a break would strengthen bullish conditions. Weakness below 1.0097 instead exposes parity and 0.9952, Jul 14 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.