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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.
EURGBP TECHS
- RES 4: 0.8624/58 High Oct 1 / High Sep 29
- RES 3: 0.8515 50-day EMA
- RES 2: 0.8518 High Oct 12 and a firm resistance
- RES 1: 0.8478 20-day EMA
- PRICE: 0.8427 @ 06:24 BST Oct 27
- SUP 1: 0.8400 Round number support
- SUP 2: 0.8363 1.0% 10-dma envelope
- SUP 3: 0.8356 Low Feb 26, 2020
- SUP 4: 0.8339 Low Feb 25, 2020
EURGBP traded under pressure Tuesday and remains vulnerable. The cross has breached support at 0.8422, Oct 21/22 low and this has confirmed a resumption of the current downtrend. The break lower paves the way for weakness below 0.8400 towards 0.8363, a vol based support and 0.8356, the Feb 26, 2020 low. Note that the cross is also approaching the base of a broad multi-year range at 0.8300. Initial firm resistance is 0.8483, the 20-day EMA.
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.
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