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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 AccessResistance Remains Intact
- RES 4: 0.9292 High Sep 11 2020
- RES 3: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
- RES 2: 0.8980 High Sep 29
- RES 1: 0.8781/8867 High Oct 21 / 12
- PRICE: 0.8672 @ 08:58 BST Oct 26
- SUP 1: 0.8657 Low Oct 26
- SUP 2: 0.8559 76.4% retracement of the Aug 2 - Sep 26 rally
- SUP 3: 0.8522 Low Aug 30
- SUP 4: 0.8471 Low Aug 28
EURGBP trades lower early Wednesday, keeping the short-term bear threat present. The strong reversal from 0.9266, Sep 26 high and the breach of support at 0.8649, the Oct 4 low, suggests scope for an extension lower near-term with sights on 0.8559 next, a Fibonacci retracement. Key short-term resistance has been defined at 0.8867, the Oct 12 high, where a break would reinstate a bullish theme.
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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.