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CORN TECHS

(N1) Needle Still Points North

SOY TECHS

(N1) Bullish Theme

COPPER TECHS

(K1) Breaks Out Of Its Recent Range

OPTIONS

Larger FX Option Pipeline

USD

Greenback Weakness Resumes into NY Hours

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  • RES 4: 0.8788 50-day EMA
  • RES 3: 0.8797 High Feb 9
  • RES 2: 0.8739 Low Feb 5
  • RES 1: 0.8668/8731 High Mar 3 / High Feb 26 and the S/T bull trigger
  • PRICE: 0.8577 @ 17:11 GMT Mar 8
  • SUP 1: 0.8568 Low Mar 8
  • SUP 2: 0.8541 Low Feb 24 and the bear trigger
  • SUP 3: 0.8517 3.0% Lower Bollinger Band
  • SUP 4: 0.8467 2.0% 10-dma Envelope

EURGBP is trading closer to recent lows and remains below the Feb 26 high of 0.8731. Technical signals are in a bear mode and recently support at 0.8597, Feb 25 low has been tested. A breach would open the bear trigger at 0.8541, Feb 24 low. A move below 0.8541 would resume the downtrend. On the upside, clearance of 0.8731 is needed to signal a resumption of the recent bounce. This would expose the 50-day EMA at 0.8788.