MNI: Fed Could Pause Cuts If Disinflation Stalls - Kugler

MNI China Daily Summary: Thursday, November 14

MNI BRIEF: China Consumer Market Strong In November - MOFCOM

MNI: PBOC Net Injects CNY309 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY328.2 BLN VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1966 Thurs; +0.94% Y/Y

MNI: EUROZONE FLASH Q3 GDP +0.4% Q/Q, +0.9% Y/Y

MNI: EUROZONE SEP IP -2% M/M, -2.8% Y/Y

MNI: SPAIN OCT HICP +0.4% M/M, +1.8% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Remains Below The 50-Day Moving Average

EURUSD TECHS
  • RES 4: 1.0915 76.4% retracement of the Feb 2 - 27 downleg.
  • RES 3: 1.0803 High Feb 14 and a key short-term resistance
  • RES 2: 1.0724 38.2% retracement of the Feb 2 - 27 downleg
  • RES 1: 1.00691/25 High Mar 1 / 50-dma
  • PRICE: 1.0640 @ 05:46 GMT Mar 2
  • SUP 1: 1.0533 Low Feb 27 and bear trigger
  • SUP 2: 1.0484 Low Jan 6 and a key support
  • SUP 3: 1.0461 38.2% retracement of the Sep 28 - Feb 2 bull leg
  • SUP 4: 1.0436 2.0% 10-dma envelope

EURUSD traded higher Wednesday and moved through resistance at the 50-day EMA, at 1.0662. For now, short-term gains are considered corrective, however, a continuation higher would expose resistance at 1.0803, the Feb 14 high and a key short-term level. Clearance of this hurdle would strengthen a bullish case. On the downside, a break of 1.0533, Monday’s low, would resume the bear cycle and open 1.0484, Jan 6 low and key support.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.