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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 AccessTrading Closer To Its Recent Highs
- RES 4: 1.1046 High Jan 2
- RES 3: 1.0998 High Jan 5
- RES 2: 1.0932 High Jan 24
- RES 1: 1.0888/98 High Feb 22 and a key resistance / High Feb 02
- PRICE: 1.0845 @ 19:21 GMT Feb 27
- SUP 1: 1.0762/0695 Low Feb 20 / 14 and the bear trigger
- SUP 2: 1.0656 Low Nov 10
- SUP 3: 1.0611 76.4% retracement of the Oct - Dec bull leg
- SUP 4: 1.0568 Low Nov 2
EURUSD is trading closer to its recent highs. The pair has pierced the 50-day EMA - at 1.0835. A clear break of this average would signal a stronger reversal. Last week’s 1.0888 high (Feb 22) is also seen as a key resistance. Clearance of it would open 1.0932, the Jan 24 high. Note that the price pattern on Feb 22 is a shooting star candle (inverted hammer) and a possible reversal signal. A move lower would instead expose 1.0695, Feb 14 low.
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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.