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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 AccessPressuring 55-DMA *RES 4:.........>
EURO-DOLLAR TECHS: Pressuring 55-DMA
*RES 4: $1.2435 High Feb 19
*RES 3: $1.2372 Hourly resistance Feb 20
*RES 2: $1.2336 21-DMA
*RES 1: $1.2259 Low Feb 22 now resistance
*PRICE: $1.2193 @ 0530GMT
*SUP 1: $1.2176 55-DMA
*SUP 2: $1.2167 Low Jan 17
*SUP 3: $1.2092 High Jan 4 now support
*SUP 4: $1.2018 High Jan 10 now support
*COMMENTARY: Immediate focus is now on the $1.2092-1.2176 support region
following the recent topside failures ahead of $1.2372. Below $1.2092 is needed
to end bullish hopes and initially target $1.1915-91 where the 100-DMA is
located. Bulls initially look for a close above $1.2259 to gain breathing room.
Overall a close above $1.2372 confirm breaks of 21 & 55-DMAs, and above $1.2461
is needed to shift focus to 2018 highs.
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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.