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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: PBOC Net Drains CNY216 Bln via OMO Monday
Upside Focus *RES 4: 0.9020.....>
EURO-STERLING TECHS: Upside Focus
*RES 4: 0.9020 High Oct 10
*RES 3: 0.8900 Round number resistance
*RES 2: 0.8869 High Oct 11
*RES 1: 0.8848 High Mar 11
*PRICE: 0.8809 @ 05:49 GMT Mar 11
*SUP 1: 0.8681 Low Mar 10
*SUP 2: 0.8621 Low Mar 5 and key support
*SUP 3: 0.8595 Low Mar 2, also a key support
*SUP 4: 0.8522 Low Feb 28
EURGBP registered a new high print at 0.8781 Wednesday. Gains in early March
resulted in the break of 0.8596, Jan 14 high confirming an important swing in
price that also signals a potential M/T reversal. The cross last week held above
this breakout level, a positive development and the underlying trend remains up.
Trend conditions are in overbought territory but this is not proving to be a
threat to bulls just yet. The focus is on the 0.8900 handle next.
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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.