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COPPER TECHS

(N1) Still Heading North

SWITZERLAND

CHF LIBOR FIX - 06-05-2021

Bearish Break Persistent dollar...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bearish Break
Persistent dollar demand pressured through 1.13 and brings the 2018 low at
1.1216 back into view. A break triggers a potential bear flag, strengthening the
downtrend toward 1.1187 which represents the 61.8% retracement of 1.0341-1.2555.
Bulls need to recover the 100-dma at 1.1420 to stabilise the short-term outlook.
A break of 1.15 would open trendline resistance & the Jan 31 high at 1.1504/14.