Free Trial
GERMAN AUCTION RESULTS

1.70% Aug-32 Bund

AUD

AUDUSD is through intraday low.

OPTIONS

Expiries for Nov09 NY cut 1000ET (Source DTCC)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bullish Outlook

EURGBP TECHS
  • RES 4: 0.8852 50.0% retracement of the 2020 - 2022 downleg
  • RES 3: 0.8840 High Feb 2
  • RES 2: 0.8811 1.236 proj of the Apr 14 - Jun 15 - Aug 2 price swing
  • RES 1: 0.8721/22 High Jun 15 / High Sep 12
  • PRICE: 0.8653 @ 06:20 BST Sep 15
  • SUP 1: 0.8593 20-day EMA
  • SUP 2: 0.8567 Low Sep 6 and a key short-term support
  • SUP 3: 0.8536 50-day EMA
  • SUP 4: 0.8471 Low Aug 29

The recent pullback in EURGBP is considered corrective. The cross maintains a bullish tone and attention is on key resistance at 0.8721, the Jun 15 high and an important bull trigger. This level was pierced Monday. Clearance of this hurdle would confirm a resumption of the bull cycle that started early March and open 0.8811, a Fibonacci projection. On the downside, initial firm support is unchanged at 0.8567, the Sep 6 low.

147 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.8852 50.0% retracement of the 2020 - 2022 downleg
  • RES 3: 0.8840 High Feb 2
  • RES 2: 0.8811 1.236 proj of the Apr 14 - Jun 15 - Aug 2 price swing
  • RES 1: 0.8721/22 High Jun 15 / High Sep 12
  • PRICE: 0.8653 @ 06:20 BST Sep 15
  • SUP 1: 0.8593 20-day EMA
  • SUP 2: 0.8567 Low Sep 6 and a key short-term support
  • SUP 3: 0.8536 50-day EMA
  • SUP 4: 0.8471 Low Aug 29

The recent pullback in EURGBP is considered corrective. The cross maintains a bullish tone and attention is on key resistance at 0.8721, the Jun 15 high and an important bull trigger. This level was pierced Monday. Clearance of this hurdle would confirm a resumption of the bull cycle that started early March and open 0.8811, a Fibonacci projection. On the downside, initial firm support is unchanged at 0.8567, the Sep 6 low.