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EQUITIES

Estoxx futures test session high

FOREX

FX OPTION EXPIRY (updated)

POLAND

CPI Inflation Rises By 5% In July

GERMAN DATA

German GDP Rebounded in Q2, But Lower Than Expected

ITALY DATA

Italian GDP Beats Expectations On Upside

EURIBOR OPTIONS

Put spread vs call spread

Bearish Pressure Likely To Persist

EURO-STERLING TECHS
  • RES 4: 0.9070 High Aug 17
  • RES 3: 0.9044 High Aug 24 and key near-term resistance
  • RES 2: 0.9003/04 20- and 50-day EMA
  • RES 1: 0.8975 High Aug 28
  • PRICE: 0.8950 @ 10:26 BST Aug 31
  • SUP 1: 0.8909 Low Aug 28
  • SUP 2: 0.8905 1.0% Lower 10-dma envelope
  • SUP 3: 0.8864 Low Jun 9 and 61.8% of the Apr 30 - Jun 29 rally
  • SUP 4: 0.88330 Low Jun 15

EURGBP maintains a bearish outlook and extended the downside Friday with the cross hitting new multi-month lows. The print below former support at 0.8938, Jul 10 low sets the scene for a deeper pullback. This has opened 0.8912 next, Jun 16 low and 0.8864, the Jun 9 low and a Fibonacci retracement. Note, MA studies are crossing into a bearish condition to reinforce the current bearish phase. 0.9044 marks trend resistance.

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