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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Trendline Support Cleared
- RES 4: 1.2011 High Sep 1 and the bull trigger
- RES 3: 1.1929 High Sep 2
- RES 2: 1.1917 High Sep 10
- RES 1: 1.2253 Former bull channel support
- PRICE: 1.1755 @ 05:32 BST Sep 17
- SUP 1: 1.1738 Intraday low
- SUP 2: 1.1709 50-day EMA
- SUP 3: 1.1687 23.6% retracement of the Mar - Sep rally
- SUP 4: 1.1639 Low Jul 27
EURUSD is under pressure. The pair has cleared trendline support drawn off the May 14 low. The break lower signals scope for an extension of the pullback that has dominated since failing above 1.2000 early September. Furthermore it appears the break lower has also confirmed a head and shoulders reversal pattern on the daily chart. The focus is on 1.1709, the 50-day EMA. Resistance is at 1.2253, the former bull channel support.
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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.