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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 AccessVolatile Around Fed, But..........>
EURO-DOLLAR TECHS: Volatile Around Fed, But Picture Unchanged
*RES 3: 1.1191 High Aug 14
*RES 2: 1.1179 High Oct 21 and bull trigger
*RES 1: 1.1151 High Oct 30
*PRICE: 1.1146 19:31 GMT Oct 30
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1065/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
The pair was understandably volatile around the Fed decision and press
conference, but the intraday moves did little to alter the medium-term picture.
Attention remains on support at 1.1073, Friday's low with the pair still
appearing vulnerable. Trendline support drawn off Oct 1 low has been eroded
however a move below 1.1073 is needed to confirm the break and also confirm a
resumption of the recent pullback opening 1.1064 and 1.1029. Initial resistance
is at 1.1123.
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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.