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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 ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
(U2) Trend Signals Still Bullish
- RES 4: 110.412 1.382 proj of the May 16 - 24 - 28 price swing
- RES 3: 110.256 1.382 proj of the May 16 - 24 - 28 price swing
- RES 2: 110.063 1.236 proj of the May 16 - 24 - 28 price swing
- RES 1: 110.020 High Jul 26
- PRICE: 109.930 @ 05:18 BST Jul 27
- SUP 1: 109.519 20-day EMA
- SUP 2: 108.950 Low Jul 21 and a key near-term support
- SUP 3: 108.760/425 Low Jun 30 / Low Jun 28 and a key support
- SUP 4: 108.025 Low Jun 21
Schatz futures found support at 108.95, on Jul 21. This level has been defined as a key short-term trend support. A break would signal a reversal. The current uptrend remains intact and Tuesday’s gains reinforce this condition. This signals scope for a climb towards 110.063 and 110.256, Fibonacci projections. Note that price is also trading above the 50- and 20-day EMAs, a bullish set-up.
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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.