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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Offered: *RES 3: 1.1142...........>
EURO-DOLLAR TECHS: Offered:
*RES 3: 1.1142 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1027 Low Aug 1 and former bear trigger
*PRICE: 1.0945 @ 08:23 GMT Sep 3
*SUP 1: 1.0931 Intraday Low
*SUP 2: 1.0912/03 3.0% Lower Bollinger Band / Bear channel base drawn off Jun 25
high
*SUP 3: 1.0889 1.618% swing of 1.1027 - 1.1250
EURUSD continues to weaken with fresh losses developing overnight in Asia. The
pair maintains its outright bearish outlook with the psychological 1.1000 level
cleared. The focus is on the volatility banded support at 1.0912 and a bear
channel base at 1.0903. The channel is drawn off the Jun 25 high. A move below
1.0900 would open the Fibonacci retracement at 1.0864. Initial resistance is at
the Aug 1 low. Look for the downside to extend.
To read the full story
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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.