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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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EURUSD TECHS:

  • RES 4: 1.1821 High Sep 16
  • RES 3: 1.1755/57 High Sep 22 / Bear channel from Jun 1 high
  • RES 2: 1.1712 50-day EMA
  • RES 1: 1.1629/40 20-day EMA / High Oct 4
  • PRICE: 1.1609 @ 06:15 BST Oct 15
  • SUP 1: 1.1524 Low Oct 12 and the bear trigger
  • SUP 2: 1.1493 50.0% retracement of the Mar '20 - Jan '21 bull phase
  • SUP 3: 1.1469 1.236 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1417 Bear channel base drawn from the Jun 1 high

EURUSD is holding onto recent gains and attention is on the 20-day EMA that intersects at 1.1629. A break would signal scope for a stronger recovery however, short-term gains would be considered corrective with a broader bearish trend condition still intact. A price sequence of lower lows and lower highs and bearish moving average conditions both highlight a downtrend. The bear trigger is 1.1524, Oct 12 low.