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PIPELINE

High-Grade Debt Issuance

USDCAD TECHS

Bulls Remain In Charge

AUDUSD TECHS

Southbound

EURO-STERLING TECHS
  • RES 4: 0.9190 61.8% retracement of the Sep 11 - 28 sell-off
  • RES 3: 0.9162 High Oct 7 and the bull trigger
  • RES 2: 0.9132 High Oct 10
  • RES 1: 0.9122 Oct 14 high
  • PRICE: 0.9098 @ 05:58 BST Oct 20
  • SUP 1: 0.9007 Low Oct 14
  • SUP 2: 0.9000 Round number support
  • SUP 3: 0.8967 76.4% retracement of the Sep 3 - 11 rally
  • SUP 4: 0.8808 Low May 13

EURGBP maintains a bearish tone despite yesterday's bounce off the day low. The cross is trading above its trendline resistance drawn off the Sep 11 high. However, in order to confirm a clear break of the line, price needs to trade above resistance at 0.9122, Oct 14 high. Until then, a bearish theme dominates and attention is on the bear trigger at 0.9007, Oct 14 low. A break would open 0.9000 and below towards 0.8967, a retracement level.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com