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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 UST Issuance Deep Dive: Dec 2024
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Needle Still Points North
- RES 4: 0.8670 High Jul 20
- RES 3: 0.8658 High Sep 29 and key resistance
- RES 2: 0.8624 High Oct 1
- RES 1: 0.8598 76.4% retracement of the Sep 29 - Oct 26 sell-off
- PRICE: 0.8571 @ 19:12 GMT Nov 5
- SUP 1: 0.8509 50-day EMA
- SUP 2: 0.8463/41 Low Nov 3 / Low Nov 1
- SUP 3: 0.8403 Low Oct 26 and the bear trigger
- SUP 4: 0.8388/56 1.0% 10-dma envelope / Low Feb 26, 2020
EURGBP continued its push higher Friday before finding resistance. The recent break to the upside highlights a breach of the 50-day EMA at 0.8507. The clear break of this EMA improves short-term conditions for bulls and signals scope for an extension. 0.8561, 61.8% of the Sep 29 - Oct 26 sell-off, has been cleared. The breach opens 0.8598, the 76.4% retracement. Initial firm support lies Thursday's intraday low of 0.8463.
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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.