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USDCAD TECHS

Breaks to Fresh Lows

ASIA

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Clears The Bull Trigger

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: 0.8788 High Sep 19
  • PRICE: 0.8774 @ 15:59 BST Sep 19
  • SUP 1: 0.8715/8620 Low Sep 16 / 20-day EMA
  • SUP 2: 0.8567 Low Sep 6 and a key short-term support
  • SUP 3: 0.8552 50-day EMA
  • SUP 4: 0.8471 Low Aug 29

EURGBP traded higher again Monday, extending the recovery from last Wednesday’s low. The outlook remains bullish and Friday’s gains confirmed a break of key resistance at 0.8721, the Jun 15 high and an important bull trigger. The climb resumes the bull cycle that started early March and opens 0.8811, a Fibonacci projection. On the downside, initial firm support is seen at 0.8620, the 20-day EMA.

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  • 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: 0.8788 High Sep 19
  • PRICE: 0.8774 @ 15:59 BST Sep 19
  • SUP 1: 0.8715/8620 Low Sep 16 / 20-day EMA
  • SUP 2: 0.8567 Low Sep 6 and a key short-term support
  • SUP 3: 0.8552 50-day EMA
  • SUP 4: 0.8471 Low Aug 29

EURGBP traded higher again Monday, extending the recovery from last Wednesday’s low. The outlook remains bullish and Friday’s gains confirmed a break of key resistance at 0.8721, the Jun 15 high and an important bull trigger. The climb resumes the bull cycle that started early March and opens 0.8811, a Fibonacci projection. On the downside, initial firm support is seen at 0.8620, the 20-day EMA.