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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 AccessThrough Bear Trigger
- RES 4: 1.2006 High Jun 29 / Jun 17
- RES 3: 1.1948/75 38.2% of the May 25 - Jul 21 sell-off / High Jun 25
- RES 2: 1.1930 High Jun 29
- RES 1: 1.1899 50-day EMA
- PRICE: 1.1751 @ 16:43 BST Aug 09
- SUP 1: 1.1741 Low Aug 09
- SUP 2: 1.1738 Low Apr 05
- SUP 3: 1.1704 Low Mar 31 and a key support
- SUP 4: 1.1603 Low Nov 04, 2020
EURUSD printed a lower low Monday, extending the downtick from Monday's sell-off. This puts the pair below the July 21 low of 1.1752, opening scope for losses toward levels not seen since April/March. For bulls to regain control, markets need to test the 50-day EMA at 1.1899. This average represents a key short-term resistance. A clear break is required to signal scope for a more significant reversal.
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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.