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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.
EURUSD TECHS
- RES 4: 1.1821 High Sep 16
- RES 3: 1.17155 / High Sep 22
- RES 2: 1.1660/92 Bear channel top from Jun 1 high / High Oct 28
- RES 1: 1.1514/1617 Low Nov 5 / High Nov 4
- PRICE: 1.1478 @ 05:56 GMT Nov 11
- SUP 1: 1.1465 Intraday low
- SUP 2: 1.1423 Low Jul 21 2020
- SUP 3: 1.1375 1.382 proj of the Jan 6 - Mar 31 - May 25 price swing
- SUP 4: 1.1320 Bear channel base drawn from the Jun 1 high
EURUSD returned lower Wednesday, showing below the 1.1514, Nov 5 low to confirm a resumption of its downtrend. The move lower maintains the downward price sequence within the bear channel drawn from the Jun 1 high. Furthermore, moving average studies remain in bear mode, reinforcing current conditions. The focus is on 1.1493 next, a Fibonacci retracement level. 1.1617, Nov 4 high marks a key short-term resistance.
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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