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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 AccessSell-Off Extends
- RES 4: 1.2380 2.00 proj of Nov 4 - 9 rally from the Nov 11 low
- RES 3: 1.2353 High Apr 20, 2018
- RES 2: 1.2349 High Jan 6
- RES 1: 1.2230/85 High Jan 11 / 8
- PRICE: 1.2077 @ 16:20 GMT Jan 18
- SUP 1: 1.2054 Low Jan 18
- SUP 3: 1.2011 High Sep 1 and a former breakout level
- SUP 4: 1.1968 2.0% 10-dma envelope
EURUSD hit new 2021 lows Monday amid holiday-thinned trade. The move lower since Jan 6 signals the start of a correction that is allowing a recent overbought condition to unwind. Price action has now traded through the 20-day and now 50-day EMAs to hit the lowest levels since Dec2. Note too that the most recent consolidation appears to be a bear flag, reinforcing bearish conditions. 1.2230 marks initial resistance.
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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.