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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Rally Enters Next...............>
EURO-STERLING TECHS: Rally Enters Next Stg0.9194-Stg0.9215 Target Area
*RES 4: Stg0.9306 1% volatility band
*RES 3: Stg0.9260 4 month bull channel top projection
*RES 2: Stg0.9215 1% volatility band
*RES 1: Stg0.9194 1.618 swing of Stg0.9144-Stg0.9063
*PRICE: Stg0.9195 @0817GMT
*SUP 1: Stg0.9155/61 Aug 22, intraday lows
*SUP 2: Stg0.9144 Aug 16 high, now support
*SUP 3: Stg0.9111/19 Aug 21 low, 6 week rising support line
*SUP 4: Stg0.9091 Aug 18 low
*COMMENTARY* Still moving higher, having shaken off the shackles provided by the
Stg0.9144 area over the earlier part of the month. Now challenging the swing
target at Stg0.9194, above which the upper 1% volatility band at Stg0.9215, is
the next potential brake to this rise. Initial support now seen from between
Stg0.9161-Stg0.9144 but it is the 6 week rising support line at Stg0.9119 and
the Aug 21 low at Stg0.9111 that currently provides the main back up.
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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.