Trial now
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 Pressure Dominates

EURO-STERLING TECHS
  • RES 4: 0.9044 High Aug 24 and a key resistance
  • RES 3: 0.8993 50-day EMA
  • RES 2: 0.8975 High Aug 28
  • RES 1: 0.8938 Low Jul 10 and a recent breakout level
  • PRICE: 0.8869 @ 05:58 BST Sep 3
  • SUP 1: 0.8864 Low Jun 9 and 61.8% of the Apr 30 - Jun 29 rally
  • SUP 2: 0.8830 Low Jun 15
  • SUP 3: 0.8790 76.4% retracement of the Apr 30 - Jun 29 rally
  • SUP 4: 0.8759 Low May 12

EURGBP remains under pressure extending recent losses. The cross is approaching support at 0.8864, Jun 9 low and the 61.8% Fibonacci retracement of the Apr 30 - Jun 29 rally. A breach of this level would reinforce the current bearish theme and open 0.8830, May 15 low. On the upside, initial resistance is seen at 0.8938, Jul 10 low and a recent breakout level. Firmer resistance resides at 0.8975, Aug 28 high. Heavy!

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