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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%

Bearish Focus

EURO-DOLLAR TECHS
  • RES 4: 1.2084 High May 1, 2018
  • RES 3: 1.2032 High May 2, 2018
  • RES 2: 1.2011 High Sep 1, 2020
  • RES 1: 1.1929 High Sep 2
  • PRICE: 1.1851 @ 06:02 BST Sep 4
  • SUP 1: 1.1763 Low Aug 27
  • SUP 2: 1.1754 Low Aug 21 and the bear trigger
  • SUP 3: 1.1720 Trendline support drawn off the May 14 low
  • SUP 4: 1.1651 50-day EMA

EURUSD remains vulnerable following this week's failure above 1.2000, and technical signals still highlight a S/T threat to the recent bullish outlook. The sell-off Tuesday from the day high resulted in a close near session lows confirming a "shooting star" candle pattern. This is a bearish development. Further weakness would expose key support at 1.1754, Aug 21 low. Bulls need a break above Tuesday's 1.2011 high to resume the uptrend.

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