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USDCAD TECHS

Cements Short-Term Reversal

US EURODLR OPTIONS

BLOCK, Late put Fly

AUDUSD TECHS

Extends Break of the 50-Day EMA

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Clears Resistance

EURGBP TECHS
  • RES 4: 0.8624 High Oct 1 2021
  • RES 3: 0.8611 2.0% 10-dma envelope
  • RES 3: 0.8600 High Dec 8 2021
  • RES 1: 0.8591 High May 5
  • PRICE: 0.8561 @ 17:19 BST May 6
  • SUP 1: 0.8468 High Apr 27 and a recent breakout level
  • SUP 2: 0.8379/67 50-day EMA / Low May 2
  • SUP 3: 0.8313 Low Apr 22
  • SUP 4: 0.8250 Low Apr 14 and a key support

The EURGBP outlook remains bullish and the cross traded higher again on Friday, resulting in new multi-month highs of 0.8591, extending the upmove on the break of the Mar 31 high and bull trigger. This reinforces bullish conditions and signals scope for a climb towards the 0.8600 handle next. On the downside, key short-term support has been defined at 0.8367, the May 2 low. Initial support is seen at 0.8468.

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  • RES 4: 0.8624 High Oct 1 2021
  • RES 3: 0.8611 2.0% 10-dma envelope
  • RES 3: 0.8600 High Dec 8 2021
  • RES 1: 0.8591 High May 5
  • PRICE: 0.8561 @ 17:19 BST May 6
  • SUP 1: 0.8468 High Apr 27 and a recent breakout level
  • SUP 2: 0.8379/67 50-day EMA / Low May 2
  • SUP 3: 0.8313 Low Apr 22
  • SUP 4: 0.8250 Low Apr 14 and a key support

The EURGBP outlook remains bullish and the cross traded higher again on Friday, resulting in new multi-month highs of 0.8591, extending the upmove on the break of the Mar 31 high and bull trigger. This reinforces bullish conditions and signals scope for a climb towards the 0.8600 handle next. On the downside, key short-term support has been defined at 0.8367, the May 2 low. Initial support is seen at 0.8468.