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AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

US EURODLR OPTIONS

Midcurve Puts, Scale Seller

USDJPY TECHS

Support Remains Exposed

Consolidating But Remains Vulnerable

SILVER TECHS
  • RES 4: $30.100 - High Feb 1
  • RES 3: $29.053 - High Feb 2
  • RES 2: $28.498 - 61.8% retracement of the Feb 1 - 4 sell-of
  • RES 1: $27.812 - High Feb 9
  • PRICE: $27.038 @ 07:08 GMT Feb 12
  • SUP 1: $25.933 - 50-day EMA
  • SUP 2: $25.483 - 76.4% retracement of the Jan 18 - Feb 1 rally
  • SUP 3: $24.700 - Low Jan 27
  • SUP 4: $24.057 - Low Jan 18 and a key support

Silver traded sharply higher Feb 1 clearing resistance at $27.931, Jan 6 high. The climb resulted in a test of $30.00 and registered a fresh trend high print of the upleg that started mid-March 2020. On Feb 2 though, price reversed the previous day's direction and Silver still remains vulnerable, despite the recent move higher from $25.905, Feb 4 low. Further weakness would open $25.483, a Fibonacci retracement. Key resistance is at $30.100.