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Why MNI
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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 AccessWeaker Following Impulsive Sell-Off
- RES 4: 1.1313 High Feb 24 2022
- RES 3: 1.1276 High Jul 18 and the bull trigger
- RES 2: 1.1150/1229 Intraday high / High Jul 20
- RES 1: 1.1054 20-day EMA
- PRICE: 1.1027 @ 16:19 BST Jul 28
- SUP 1: 1.0956 Trendline support drawn from the May 31 low
- SUP 2: 1.0867 Low Jul 7
- SUP 3: 1.0834 Low Jul 6 and a key support
- SUP 4: 1.0804 Low Jun 15
EURUSD traded sharply lower Thursday following a reversal from the day high of 1.1150. The move lower reinforces a short-term bearish theme. The pair is testing support at the 50-day EMA at 1.0972 and is just above a trendline support at 1.0956, drawn from the May 31 low. A clear break of both levels would strengthen a bearish threat and open 1.0867, the Jul 7 low. First key resistance is at yesterday’s 1.1150 high.
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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.