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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Strong Corrective Bounce
- RES 4: 0.9107 High Oct 23
- RES 3: 0.9071 1.0% 10-dma envelope
- RES 2: 0.9053/69 Trendline drawn off the Sep 11 high / High Nov 5
- RES 1: 0.6010 20-day EMA
- PRICE: 0.8995 @ 05:55 GMT Nov 13
- SUP 1: 0.0.8903/8861 Low Nov 12 / Low Nov 11
- SUP 2: 0.8830 Low May 15
- SUP 3: 0.8803 Low May 13
- SUP 4: 0.8748 61.8% retracement of the Feb - March Rally
EURGBP rallied sharply higher Thursday, extending the recovery from Wednesday's low of 0.8861. Although the recent sharp bounce does highlight some reversal features, the move higher is considered corrective. The cross needs to clear its trendline resistance drawn off the Sep 11 high to signal a reversal. The line intersects at 0.9053. Key support has been defined at 0.8861, Nov 11 low. A break would resume the downtrend.
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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.