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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.
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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Still Likely To Head Lower *RES...>
EURO-DOLLAR TECHS: Still Likely To Head Lower
*RES 4: 1.1168/79 200-day MA / Oct 21 high and key bull trigger
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1097 High Nov 21 and bull trigger
*RES 1: 1.1067 Trendline resistance drawn off the Nov 4 high
*PRICE: 1.1007 05:29 GMT Nov 28
*SUP 1: 1.0989 Low Nov 14 and key support
*SUP 2: 1.0967 Recent double top projection
*SUP 3: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
*SUP 4: 1.0904 - Low Oct 2
EUR/USD traded softer yesterday. The pair maintains a bearish stance following
the recent pullback off resistance at 1.1097, Nov 21 high. Momentum studies are
bearish too reinforcing the current short-term downside threat. The focus is on
a move to 1.0989, Nov 14 low and 1.0967, the double top projection confirmed on
Nov 5. A recovery above last week's 1.1097 high is still required to negate the
bearish threat and instead open 1.1140 and 1.1179.
To read the full story
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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.