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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: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Trend Needle Points South
- RES 4: 1.1313 High Feb 24 2022
- RES 3: 1.1276 High Jul 18 and the bull trigger
- RES 2: 1.1150/1229 High Jul 27 / 20
- RES 1: 1.1022 20-day EMA
- PRICE: 1.0951@ 05:50 BST Aug 4
- SUP 1: 1.0912 Low Aug 03
- SUP 2: 1.0867 Low Jul 7
- SUP 3: 1.0834 Low Jul 6 and a key support
- SUP 4: 1.0804 Low Jun 15
EURUSD remains in a downtrend. This week’s move lower has resulted in a break of trendline support drawn off the May 31 low as well as the 50-day EMA. The move strengthens the current bearish theme and opens the 1.0867 Jul 7 low initially ahead of key support 1.0834, the Jul 6 low. Momentum studies continue to point south highlighting the current trend direction. The 20-day EMA, at 1.1022 marks initial resistance.
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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.