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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: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Testing Support At The 20-Day EMA
- RES 4: 1.1355 1.382 proj of the May 31 - Jun 22 - Jul 7 price swing
- RES 3: 1.1313 High Feb 24 2022
- RES 2: 1.1276 High Jul 18 and the bull trigger
- RES 1: 1.1147/1229 High Jul 24 / 20
- PRICE: 1.1070 @ 05:51 BST Jul 24
- SUP 1: 1.1060 20-day EMA
- SUP 2: 1.1012 High Jun 22
- SUP 3: 1.1004 Low Jul 12
- SUP 4: 1.0964 20-day EMA
EURUSD traded lower yesterday. The recent pullback appears to be a correction and this is allowing an overbought trend condition to unwind. Support to watch is 1.1060, the 20-day EMA. A clear break of this EMA would signal scope for a deeper correction, towards the 50-day EMA at 1.0964. On the upside, the key resistance and bull trigger is unchanged at 1.1276, the Jul 18 high. First resistance is at 1.1147, Monday’s 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.