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EGB Supply W/C October 31, 2022


(Z2) Trend Needle Still Points North


BLOCK, Mar'23 Put Vertical

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EURO-DOLLAR TECHS: Above $1.2477 To Target LT Channel Top
*RES 4: $1.2555 2018 High Feb 16
*RES 3: $1.2477 High Mar 27
*RES 2: $1.2421 Daily Bear channel top
*RES 1: $1.2395 High Apr 11
*PRICE: $1.2378 @ 2100GMT
*SUP 1: $1.2353 Alternating hourly support/resistance 
*SUP 2: $1.2290 High Apr 6 now support 
*SUP 3: $1.2257 Hourly support Apr 6 
*SUP 4: $1.2209 Low Apr 6
*COMMENTARY: Gains to start the new week see the pair pressuring the
$1.2395-1.2477 resistance region. The close above $1.2353 buys bulls breathing
room with a close above $1.2477 to confirm focus on $1.2555-1.2606 where the LT
bear channel top off 2018 highs is located. Bears now need a close below $1.2353
to ease pressure on resistance layers and below $1.2290 to return initial focus
to $1.2153-1.2209 where the 100-DMA ($1.2187) is located.

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