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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Remains Vulnerable *RES 4:........>
EURO-DOLLAR TECHS: Remains Vulnerable
*RES 4: 1.1018 High May 1 and key resistance
*RES 3: 1.0986 High May 4
*RES 2: 1.0918/ 26 50-day EMA / High May 5
*RES 1: 1.0874 20-day EMA
*PRICE: 1.0843 @ 05:41 BST May 8
*SUP 1: 1.0767 Low May 7
*SUP 2: 1.0727 Low Apr 24 and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0636 Low Mar 23 and key support
EURUSD managed to find support yesterday. Despite the recovery, the near-term
outlook remains bearish following this week's sharp sell-off. Monday's price
pattern was a bearish engulfing Japanese candle pattern and clearly highlighted
the market's sentiment shift to bearish this week. The break of 1.0799, Apr 27
low has exposed 1.0727, Apr 24 low key support. A break would open 1.0636, Mar
23 low. Firm resistance is at 1.0926.
To read the full story
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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.