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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Uptrend Extends *RES 4: 1.1514....>
EURO-DOLLAR TECHS: Uptrend Extends
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1460 High Mar 10
*RES 1: 1.1422 High Jun 10
*PRICE: 1.1346 @ 05:28 BST Jun 11
*SUP 1: 1.1241 Low Jun 9
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1167 Low Jun 3
*SUP 4: 1.1131 20-day EMA
EURUSD extended gains yesterday trading to a high of 1.1422. This confirmed a
resumption of the uptrend and exposes 1.1495, the Mar 9 trend high. We continue
to stress however that there is a risk gains may prove difficult to achieve
near-term. Trend conditions are overbought and the recent uptrend has been
steep. The next support to watch is at 1.1241, Jun 9 low and 1.1195, Jun 4 low.
A break this zone would highlight a reversal. Bullish for now!
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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.