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Focus on Next Wk's FOMC, BOE Policy Announcements

JGB TECHS

(Z2) Support Remains Exposed

AUSSIE 10-YEAR TECHS

(Z2) Remains Vulnerable

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Extends The Current Bear Leg

EURUSD TECHS
  • RES 4: 1.2113 High Mar 3 and key near-term resistance
  • RES 3: 1.2067 High Mar 4
  • RES 2: 1.1992 Low Mar 2
  • RES 1: 1.1952 Low Feb 5 and recent breakout level
  • PRICE: 1.1886 @ 17:05 GMT Mar 9
  • SUP 1: 1.1836/25 Low Mar 9 / 200-DMA
  • SUP 2: 1.1800 Low Nov 23
  • SUP 3: 1.1752 1.236 proj of the Jan 6 - Feb 5 - Feb 25 price swing
  • SUP 4: 1.1695 38.2% retracement 2020 - 2021 Rally

EURUSD outlook deteriorated further Monday as the current bear leg accelerated. The recent break of key support at 1.1952, Feb 25 low continues to weigh on the pair. This confirmed a resumption of the downtrend that started February 6. Monday's sell-off signals scope for a test of the 200-dma at 1.1825 ahead of the 1.1800 handle, Nov 23 low. Initial resistance is seen at 1.1952, the recent breakout level.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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