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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 BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Support Under Pressure *RES 3:....>
EURO-DOLLAR TECHS: Support Under Pressure
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1228 High Aug 13
*RES 1: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1122 16:29 GMT Dec 19
*SUP 1: 1.1107 Low Dec 19
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
EURUSD edged through Wednesday's lows ahead of the London close, but those
looking for a bearish break were left disappointed. For now, the pair maintains
a bullish outlook. The pair traded above 1.1179, Oct 21 high on Dec 13 to
confirm a resumption of the uptrend that has been in place since early October.
Momentum studies are still in a bull mode reinforcing current trend conditions.
However given last Friday's rejection off the high, a break above 1.1199 is also
needed to reinforce the bullish theme. Support is at 1.1103. Bullish!
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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.