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US Tsy Option Roundup, Mixed Trade


‌‌(U2)‌‌ Extends Bounce From Tuesday’s Low

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Cracking Support

  • RES 4: 0.8701/21 High May 7 / High Apr 26 and the bull trigger
  • RES 3: 0.8672 High May 25
  • RES 2: 0.8610/70 High Jul 22 / High Jul 20 and a key resistance
  • RES 1: 0.8580 50-day EMA
  • PRICE: 0.8502 @ 16:52 BST Aug 05
  • SUP 1: 0.8491 Low Aug 05
  • SUP 2: 0.8479 1% 10-dma envelope
  • SUP 3: 0.8472 Low Apr 5
  • SUP 4: 0.8430 Low Feb 27, 2020

EURGBP is cracking through support, with the rate showing below 0.85 to touch 0.8491. This represents the near-term bear trigger and opens losses toward the early April lows of 0.8472. Moving average studies remain in a bear mode highlighting a downside theme. On the upside, key resistance is unchanged at 0.8670, the Jul 20 high.

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MNI London Bureau | +44 203-865-3809 |

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