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EURIBOR OPTIONS

Bull Put Spread

HUNGARY

'Dovish' NBH Hike Weighs on HUF

SOUTH AFRICA

Headline CPI Seen Creeping Higher

GBPUSD

Sterling Edging Lower Through European Open

CABLE TECHS
CABLE TECHS: $1.3029-$1.3059 Still The Bar To Any Recovery Hopes
*RES 4: $1.3154 Underside broken 8 week support line
*RES 3: $1.3112 Aug 3 low, now resistance
*RES 2: $1.3059 Aug 7 high
*RES 1: $1.3029/32 Aug 9, Aug 11 highs
*PRICE: $1.2977 @1558GMT
*SUP 1: $1.2956/60 Intraday low, hourly support
*SUP 2: $1.2920/29 76.4% $1.2812-$1.3269, 50% $1.2589-$1.3269
*SUP 3: $1.2882 1.618 swing of $1.2939-$1.3032
*SUP 4: $1.2849 61.8% Fibo of $1.2589-$1.3269
*COMMENTARY* Continued pressure last week resulted in a fall to $1.2939 just
ahead of a stronger area between $1.2929-$1.2920. This a combination of two Fibo
retrace levels, the 50% of the rise from $1.2589 and perhaps slightly more
importantly, the 76.4% of the rise from $1.2812. Below here can allow an
overshoot around $1.2882 but any lower and $1.2849 comes into view. Meanwhile,
$1.3029-$1.3059 still provides resistance against any recovery process.