MNI: BANXICO CUTS RATES BY 25BPS TO 10.0% AS EXPECTED

NEW CANADA FINANCE MIN SAYS TRUDEAU HAS CABINET'S FULL SUPPORT

MNI BRIEF: Fed To Expand SRF Around Year-End Market Pressures

MNI CNB WATCH: Rate Held At 4.0%; Inflation Rise 'Temporary'

MNI BRIEF: High Bar For Changing 100BP Guidance-BCB's Galipolo

MNI BRIEF: US Nov Existing Home Sales Jumps 4.8% To 4.15M

MNI: US TSY TICS NET FLOWS IN OCT +$203.6B

EZ/UK Bond Supply Calendar: AS, UK, DE Auction on Jan 7

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Support Remains Intact - For Now

EURGBP TECHS
  • RES 4: 0.9066 High Sep 28
  • RES 3: 0.8992 61.8% retracement of the Sep 26 - Dec 1bear leg
  • RES 2: 0.8979 High Feb 3 and the bull trigger
  • RES 1: 0.8850/8925 20-day EMA / High Mar 7 and a key resistance
  • PRICE: 0.8834 @ 06:32 GMT Mar 15
  • SUP 1: 0.8778 Low Mar 14
  • SUP 2: 0.8767/55 100-dma / Low Feb 28 and key support
  • SUP 3: 0.8722 Low Jan 19 and a key support
  • SUP 4: 0.8712 61.8% retracement of the Dec 1 - Feb 3 bull leg

EURGBP traded lower Tuesday. The pullback from 0.8925, the Mar 7 high, undermines the recent bullish theme and exposes key support at 0.8755, the Feb 28 low. A break of this level would signal scope for a deeper retracement and open 0.8722, the Jan 19 low. Key resistance has been defined at 0.8925, where a break is required to reinstate a bullish outlook. This would open 0.8979, the Feb 3 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.