Trial now
JPY

Yen Stabilises After Downtick

JGB TECHS

(Z1) Edges Through Support

NZD

New Zealand Returns From Long Weekend

AUSSIE BONDS

Westpac: Q3 CPI Is A Potential Gamechanger

AUSSIE BONDS

IRZ1 Lifted

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: 1.1852 @ 10:32 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. This follows the recent failure above 1.2000. Furthermore, 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.