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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Overbought Near Term On.........>
EURO-STERLING TECHS: Overbought Near Term On Approach To Recent Range High
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8867
*RES 2: Stg0.8936 1% volatility band
*RES 1: Stg0.8926 Jan 12 high
*PRICE: Stg0.8906 @1015GMT
*SUP 1: Stg0.8870/80 Feb 12 low, hourly support
*SUP 2: Stg0.8858 Feb 13 low
*SUP 3: Stg0.8843 Feb 12 low
*SUP 4: Stg0.8820 Initial rally high Feb 8, now support
*COMMENTARY* Continues to rise, albeit slowly ,most recently through the
previously difficult Stg0.8900-Stg0.8909 area. Now has to contend with the
previous range high and upper 1% volatility band between Stg0.8926-Stg0.8936.
Also overbought in the near term. Support comes from Stg0.8880-Stg0.8870 loss
would caution but eyes are probably on the lower Stg0.8858-Stg0.8843 area. Above
Stg0.8936 and the 76.4% Fibo retrace at Stg0.8951 next.
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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.