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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 AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
Remains Capped Ahead Of Key.......>
EURO-DOLLAR TECHS: Remains Capped Ahead Of Key Resistance
*RES 4: $1.1861 Hourly support Aug 3 now resistance
*RES 3: $1.1828 High Aug 21
*RES 2: $1.1795 Hourly support Aug 22 now resistance
*RES 1: $1.1773 Alternating hourly support/resistance
*PRICE: $1.1760 @ 0430GMT
*SUP 1: $1.1745 Low Aug 22
*SUP 2: $1.1709 Hourly support Aug 18
*SUP 3: $1.1663 Low Aug 17
*SUP 4: $1.1648 Low July 27
*COMMENTARY: The failure to trouble the key $1.1863 resistance is a concern for
bulls and leaves the pair looking a little heavy. The close below $1.1773 sees
focus return to layers of support $1.1663-1.1709. The $1.1583 support remains
key. Bears need a close below $1.1583 to end bullish hopes and initially target
the 55-DMA ($1.1515). Above $1.1863 is needed to return pressure to
$1.1902-1.2057.
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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.