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Why MNI
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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 AccessMNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
Still soft: *RES 4: 0.9039/41...>
EURO-STERLING TECHS: Still soft:
*RES 4: 0.9039/41 T-line resistance drawn off Aug 12 high / 1.0% 10-dma envelope
*RES 3: 0.9031 High Sep 5
*RES 2: 0.9015 High Sep 9
*RES 1: 0.8975 High Sep 13
*PRICE: 0.8875 @ 08:49 GMT Sep 17
*SUP 1: 0.8850 Low Sep 16
*SUP 2: 0.8831 Bear channel base drawn off the Aug 12 high
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8725 Low Jun 21
EURGBP remains heavy having sold off sharply Friday and extending the current
downtrend with the focus on the 0.8809 Fibonacci retracement next. In candle
terms, Friday's pattern is a standard line, a continuation pattern highlighting
the likelihood the cross will remain soft near-term. Momentum and moving average
studies continue to point south too. On the upside, resistance is located at
Friday's 0.8975 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.