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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 AccessWatching Resistance
- RES 4: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
- RES 3: 0.8721 High May 26 2021 and Jun 15 / bull trigger
- RES 2: 0.8627/79 High Jul 4 / High Jul 1
- RES 1: 0.8585 High Jul 21
- PRICE: 0.8482 @ 16:35 BST Jul 25
- SUP 1: 0.8458 Low Jul 18
- SUP 2: 0.8403/8393 Low Jul 12 / Low May 17 and a key support
- SUP 3: 0.8367 Low May 2
- SUP 4: 0.8313 Low Apr 22
Recent gains in EURGBP are still considered corrective. Last week’s high of 0.8585 (Jul 21) has been defined as a key short-term resistance and if breached would signal scope for a stronger recovery. While this resistance holds, the outlook remains bearish and attention is on support at 0.8393, the May 17 low. Clearance of this level would strengthen a bearish case and clear the way for a deeper sell-off.
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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.