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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 AccessRestoring Bullish Trend.........>
EURO-STERLING TECHS: Restoring Bullish Trend
EURGBP has reversed sharply higher, returning to the major ascending channel. A
close above the 0.8880 trendline would leave just an intraday breach of
trendline support in place. The pace and the extent of the rebound have gone a
long way to repairing the recent technical damage to the uptrend. A break above
0.8936 would confirm that a bottom has been established and a resumption of the
uptrend is underway. Holding above 0.8880 is key to restoring the bullish
picture.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.