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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 AccessSharp Sell-Off Extends
- RES 4: 0.8624 High Oct 1
- RES 3: 0.8595/98 High Nov 5 / 76.4% of the Sep 29 - Oct 26 sell-off
- RES 2: 0.8538/74 High Nov 15 / High Nov 11
- RES 1: 0.8511 20-day EMA
- PRICE: 0.8436 @ 17:28 GMT Nov 16
- SUP 1: 0.8435 Intraday low
- SUP 2: 0.8403 Low Oct 26 and the bear trigger
- SUP 3: 0.8356 Low Feb 26, 2020
- SUP 4: 0.8339 Low Feb 25, 2020
EURGBP has failed to hold onto recent highs and the cross has traded sharply lower this week. Tuesday's sell-off has resulted in a break of support at 0.8463, Nov 3 low. The move lower has exposed the key support at 0.8403, Oct 26 low, where a break would confirm a resumption of the broader downtrend. The cross needs to trade above Monday's high to ease this fresh bearish threat. Key resistance is at 0.8595, Nov 5 high.
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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.