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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 POLITICAL RISK ANALYSIS - Week Ahead 2-8 December
MNI POLITICAL RISK - Trump Targets BRICS w/New Tariff Threat
Watching The Bearish Engulfing....>
EURO-DOLLAR TECHS: Watching The Bearish Engulfing Candle
*RES 4: 1.1621 High Oct 16, 2018
*RES 3: 1.1570 High Jan 10, 2019
*RES 2: 1.1540 High Jan 11, 2019
*RES 1: 1.1495 High Mar 9 and bull trigger
*PRICE: 1.1264 @ 09:37 GMT Mar 12
*SUP 1: 1.1251 Intraday low
*SUP 2: 1.1212 Low Mar 6
*SUP 3: 1.1095 Low Mar 3 and key near-term support
*SUP 4: 1.1109 20-day EMA
EURUSD rallied Monday to 1.1495 but has since retraced those gains. Recent
losses extended Wednesday and today with support as 1.1275 breached. raising the
likelihood of a move lower from here. Despite this, there remains some bullish
signals medium-term after 1.1239, Dec 31 high was cleared recently. Topside, the
focus is on 1.1570, Jan 1 high, 2019. A concern for bulls is Tuesday's candle
pattern, a bearish engulfing reversal. Further losses would open 1.1212.
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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.