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BTP TECHS

(Z1) Recovers Off Last Week's Low

SNAPSHOT

Stabilisation

GILT TECHS

(H2) Clears Resistance

SCHATZ TECHS

(Z1) Probes Resistance

BOBL TECHS

(Z1) Needle Pointing North

BUND TECHS

(Z1) Bullish Focus

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  • RES 4: 1.1821 High Sep 16
  • RES 3: 1.1737/55 Bear channel from Jun 1 high / High Sep 22
  • RES 2: 1.1699 50-day EMA
  • RES 1: 1.1669 High Oct 19
  • PRICE: 1.1652 @ 06:08 BST Oct 21
  • SUP 1: 1.1572/24 Low Oct 18 / 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: 1.1396 Bear channel base drawn from the Jun 1 high

EURUSD is holding onto the bulk of recent gains. Price action this week has resulted in a break of the 20-day EMA and this signals scope for a stronger short-term corrective bounce with attention on the 50-day EMA at 1.1699. Note there is a key resistance at 1.1737, the top of a bear channel drawn from the Jun 1 high. Broader trend conditions remain bearish and current gains are considered corrective. Key support and the bear trigger is 1.1524.