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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 AccessShort-Term Uptrend Extends
- RES 4: 1.0945 High Aug 30 and a key resistance
- RES 3: 1.0909 2.0% 10-dma envelope
- RES 2: 1.0882 High Sep 1
- RES 1: 1.0862/63 50.0% retracement of the Jul 18 - Oct 3 bear leg/High Nov 14
- PRICE: 1.0782 @ 16:25 GMT Nov 14
- SUP 1: 1.0662 50- day EMA
- SUP 2: 1.0644 20-day EMA
- SUP 3: 1.0517/0496 Low Nov 1/ 13
- SUP 4: 1.0448 Low Oct 03 and the bear trigger
EURUSD traded sharply higher following Tuesday’s CPI release. The break higher reinforces the current bullish technical picture and price has breached resistance at 1.0756, the Nov 6 high. This confirms a resumption of the short-term uptrend and note that 1.0764 has also been cleared - 38.2% of the Jul 18 - Oct 3 bear leg. This opens 1.0862 next, the 50.0% retracement point. Initial firm support at 1.0644, the 20-day EMA.
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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.