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JGB TECHS

(U2) Solid Bounce Into the Close

USDCAD TECHS

Bullish Price Structure

AUDUSD TECHS

Clears Key Support

EURJPY TECHS

Retracement Mode

COMMODITIES

Oil Supply Constraints Trump Lower Demand

USDJPY TECHS

Pullback Considered Corrective

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Freefall

EURUSD

EUR/USD continues to shift aggressively lower, with worries re: Western sanctions on Russian oil exports gathering steam since the backend of last week. Europe’s proximity to the conflict and reliance on Russian energy flows continue to generate worry re: Eurozone growth headwinds/a stagflationary shock in the single currency zone.

  • That rate has printed as low as $1.0822, although it sits off of worst levels, last -85 pips around $1.0845. Technically, an extension through session lows would open the way to the May 7 ’20 low ($1.0767), after the contract showed through the 2.236 projection of the Jen-Jun-May ’21 price swing ($1.0824).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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