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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.
EURGBP
- Recent gains in EURGBP resulted in a move above the 20-day EMA and attention is now on the potential close above the 50-day EMA at 0.8507 a clear break of which would improve short-term conditions for bulls and signal scope for a stronger near-term recovery.
- Additionally, the breach of short-term horizontal resistance for the pair above 0.8513 has not only exacerbated the short-term sterling weakness but adds weight to the potentially bullish scenario.
- This would initially open 0.8561, 61.8% of the Sep 29 - Oct 26 sell-off. Potential targets for the move include the September highs at 0.8658. The trigger for a resumption of weakness remains unchanged at 0.8403
MNI/Bloomberg
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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