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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 AccessRemains In A Tight Range
- RES 4: 1.2006 High Jun 29 / Jun 17
- RES 3: 1.1975 High Jun 25
- RES 2: 1.1920/30 50-day EMA / High Jun 29
- RES 1: 1.1851/1881 High Jul 15 / High Jul 9
- PRICE: 1.1844 @ 20:35 BST Jul 28
- SUP 1: 1.1752 Low Jul 21
- SUP 2: 1.1738 Low Apr 5
- SUP 3: 1.1704 Low Mar 31 and a key support
- SUP 4: 1.1603 Low Nov 4, 2020
EURUSD shrugged off a Fed-inspired dip lower, higher into the close yesterday. The pair however remains in a tight range. The trend direction is down, with resistance at 1.1851 still intact. A trend sequence of lower lows and lower highs dominates highlighting a clear downtrend. Note that a death cross (50- breaking below the 200-dma) has recently occurred, reinforcing a bearish theme. The focus is on 1.1704, Mar 31 low. Initial resistance is at 1.1851, Jul 15 high.
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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.