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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASI OPEN: Fed Bostic Still Confident of Waning Inflation
MNI ASIA MARKETS ANALYSIS: Tsy Curves Twist Flatter
PIPELINE: $2.2B Nigeria 2Pt Kicks Off December Issuance
Under Pressure *RES 4: 1.1178.....>
EURO-DOLLAR TECHS: Under Pressure
*RES 4: 1.1178 High Jan 16 and a key resistance
*RES 3: 1.1143 High Jan 17
*RES 2: 1.1118 High Jan 21
*RES 1: 1.1096 High Jan 31 and t-dline resistance drawn off the Dec 31 high
*PRICE: 1.1003 @ 16:24 GMT Feb 5
*SUP 1: 1.0996 Low Feb 5
*SUP 2: 1.0992 Low Jan 29
*SUP 3: 1.0981 Low Nov 29 and key support
*SUP 4: 1.0952/35 Low Oct 9 / 1.0% Lower 10-dma Envelope
EURUSD remains under pressure following the rejection off Monday's high. Last
week's recovery does threaten the recent bearish outlook however, before any
reversal is confirmed price needs to clear trendline resistance at 1.1096, drawn
off the Dec 31 high. Note that this also coincides with former trendline support
drawn off the Oct 1 low reinforcing the significance of 1.1096. For now, the
outlook remains bearish with the focus on 1.0981, Nov 29 low.
To read the full story
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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.