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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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Bearish Pressure Persists

EURUSD TECHS
  • RES 4: 1.1967 50-day EMA
  • RES 3: 1.1947 High Mar 22
  • RES 2: 1.1805/53 High Mar 26 / High Mar 24
  • RES 1: 1.1774 High Mar 30
  • PRICE: 1.1705 @ 05:53 GMT Mar 31
  • SUP 1: 1.1695 38.2% retracement of the Mar 2020 - Jan rally
  • SUP 2: 1.1647 1.50 proj of the Jan 6 - Feb 5 - Feb 25 price swing
  • SUP 3: 1.1603 Low Nov 4 and a key support
  • SUP 4: 1.1543 1.764 proj of the Jan 6 - Feb 5 - Feb 25 price swing

EURUSD remained under pressure Tuesday and has edged lower again today. This week's move lower has resulted in a break of support at 1.1752, 1.236 of the Jan 6 - Feb 5 - Feb 25 price swing. The move lower reinforces current bearish conditions and paves the way for an extension lower towards 1.1694, a Fibonacci projection. On the upside, initial firm resistance is seen at 1.1805, the Mar 26 high.

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

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