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EUROZONE ISSUANCE

EGB Supply For W/C Oct 18, 2021: Upcoming

EUROZONE ISSUANCE

EGB Supply For Oct 18-20, 2021: Recap

EURJPY TECHS

Uptrend Remains Intact

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Oct 18, 2021: Upcoming

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  • RES 4: $25.206 - High Jun 8
  • RES 3: $24.867 - High Sep 3 and the reversal trigger
  • RES 2: $24.411 - High Sep 8
  • RES 1: $23.623 - 20-Day EMA
  • PRICE: $22.350 @ 07:24 BST Sep 21
  • SUP 1: $22.039 - Low Sep 20
  • SUP 2: $21.899 - Low Nov 30, 2020
  • SUP 3: $21.677 - Low Sep 24
  • SUP 4: $20.871 - 50.0% retracement of the Mar '20 - Feb '21 rally

Silver remains bearish following last week's sharp losses that resulted in a breach of support at $22.626, Aug 9 low. The metal traded lower again yesterday. A bearish theme was also recently reinforced following the failure to clear the 50-day EMA that continues to provide resistance. With $22.626 cleared, the focus is on $21.899 next, Nov 30, 2020 low. Key trend resistance has been defined at $24.867, Sep 3 high.