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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 AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Trend Needle Points North
- RES 4: 1.1185 High Mar 31 2022
- RES 3: 1.1095 High Apr 26 and key resistance
- RES 2: 1.1054 High May 8
- RES 1: 1.0986 61.8% retracement of the Apr 26 - May 31 downleg
- PRICE: 1.0915 @ 05:52 BST Jun 20
- SUP 1: 1.0864/1.0804 High Jun 14 / Low Jun 15
- SUP 2: 1.0818 20-day EMA
- SUP 3: 1.0733 Low Jun 12
- SUP 4: 1.0667/35 Low Jun 6 / Low May 31 and the bear trigger
A bullish theme in EURUSD remains intact. The pair rallied sharply higher last week, extending the bull cycle that started at 1.0635 on May 31. A number of important retracement points have been cleared, reinforcing bullish conditions and this signals scope for an extension towards 1.0986, 76.4% of the Apr 26 - May 31 downleg. A break of this level would open 1.1054, the May 8 high. Initial firm support is last Thursday’s low of 1.0804.
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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.