Trial now
RUSSIA

USD/RUB Slips, Approaches April Lows

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Resistance Remains Intact

OPTIONS

Larger FX Option Pipeline

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.2285 High Jan 8
  • RES 3: 1.2255 76.4% retracement of the Jan - Feb sell off
  • RES 2: 1.2243 High Feb 25 and the bull trigger
  • RES 1: 1.2184 High Feb 26
  • PRICE: 1.2053 @ 16:31 GMT Mar 1
  • SUP 1: 1.2028 Low Feb 26
  • SUP 2: 1.2023 Low Feb 17 and a key support
  • SUP 3: 1.1952 Low Feb 5 and the bear trigger
  • SUP 4: 1.1945 23.6% retracement of the Mar - Jan rally

After hitting multi-week highs of 1.2243 Thursday, the single currency reversed course Friday and closed near session lows. Friday's price pattern in candle terms is a bearish engulfing and highlights the possibility of a deeper short-term pullback. Attention turns to support at 1.2023, Feb 17 low. A break would again be bearish and expose 1.1952, Feb 5 low. Key resistance has been defined at 1.2243.