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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 4: 1.1927 1.0% 10-dma envelope
  • RES 3: 1.1909 High Jul 30 / Sep 03 and a key resistance
  • RES 2: 1.1846 High Sep 14
  • RES 1: 1.1798 20-day EMA
  • PRICE: 1.1714@ 06:06 BST Sep 20
  • SUP 1: 1.1693 Low Aug 23
  • SUP 2: 1.1664 Low Aug 20 and the bear trigger
  • SUP 3: 1.1621 1.00 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD remains soft and is trading lower today, confirming a resumption of bearish pressure. The pair last week cleared 1.1770, Sep 13 low and 1.1758, 61.8% of the Aug 20 - Sep 3 rally. Today's weakness has resulted in a breach of 1.1722, the 76.4 retracement. This opens the key support at 1.1664, Aug 20 low and an important bear trigger. A break would strengthen a M/T bearish case. Initial firm resistance has been defined at 1.1846, Sep 14 high.