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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
Outlook Remains Bearish
- RES 4: 1.0862 50.0% retracement of the Jul 18 - Oct 3 bear leg
- RES 3: 1.0809 High Sep 4
- RES 2: 1.0764 38.2% retracement of the Jul 18 - Oct 3 bear leg
- RES 1: 1.0694/0737 High Oct 24 / High Sep 20
- PRICE: 1.0617 @ 15:59 GMT Nov 2
- SUP 1: 1.0517/0496 Low Nov 1/ 13
- SUP 2: 1.0448 Low Oct 03 and the bear trigger
- SUP 3: 1.0406 50.0% retracement of the Sep ‘22 - Jul ‘23 bull leg
- SUP 4: 1.0374 2.0% 10-dma envelope
EURUSD remains below Tuesday’s high. The outlook is bearish and short-term gains are considered corrective. The move lower last week has reinforced a bearish theme - the Oct 24 price pattern is a bearish engulfing candle, a strong reversal signal. A resumption of weakness would open 1.0496, the Oct 13 low. The key support and bear trigger lies at 1.0448, Oct 3 low. 1.0694, the Oct 24 high, is key resistance.
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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.