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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 AccessRally Attempting Challenge To...>
EURO-STERLING TECHS: Rally Attempting Challenge To Recent Consolidation Highs
*RES 4: Stg0.8865 1% volatility band
*RES 3: Stg0.8837/42 Jun 7, May 4 highs
*RES 2: Stg0.8832 Jun 11, Jun 12 highs
*RES 1: Stg0.8820/23 Jun 25, intraday highs
*PRICE: Stg0.8814 @1554GMT
*SUP 1: Stg0.8750/60 Hourly support
*SUP 2: Stg0.8726 Jun 21 low
*SUP 3: Stg0.8717 Jun 15 low
*SUP 4: Stg0.8697 May 29 low
*COMMENTARY* Monday saw Stg0.8810 resistance give way but the slightly higher
Stg0.8820-Stg0.8823 area has frustrated further gains and an attempt on the
higher Stg0.8832-Stg0.8842 area, which has capped rallies over the last couple
of months. Daily studies remain supportive, so while Stg0.8760-Stg0.8750 support
holds, there is the chance to regroup for another challenge. Loss of Stg0.8750
would disappoint and once again see a retreat towards Stg0.8726-Stg0.8717.
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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.