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EURUSD TECHS

Holding Onto The Bulk Of Recent Gains

PIPELINE

Update Guidance: Daimler Trucks 8Pt, Capital One

US TSY FUTURES

BLOCK, 10Y Ultra-Bond

(M1) Correction Extends

BOBL TECHS
  • RES 4: 135.544 0.764 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 3: 135.520 High Mar 25
  • RES 2: 135.440 High Mar 29
  • RES 1: 135.350 High Apr 8
  • PRICE: 135.310 @ 05:08 GMT Apr 9
  • SUP 1: 135.100 Low Apr 6
  • SUP 2: 134.940/870 Low Mar 30 / Low Mar 19 and key S/T support
  • SUP 3: 134.780 Low Mar 8 and 9
  • SUP 4: 134.670 61.8% retracement of the Feb 26 - Mar 25 rally

Bobl futures maintain a bearish focus and recent gains are still considered corrective in nature. Attention remains on support at 134.870, Mar 18 low where a break would strengthen a bearish argument and suggest scope for a deeper pullback. This would open 134.780, the Mar 8 and 9 lows and potentially below. For bulls, key resistance has been defined at 135.520, Mar 25 high. Clearance of this level is required to reinstate the recent bull cycle.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com