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HUNGARY

GDP Contracts 2.3% YoY In Q1

EURUSD TECHS

Resumes Its Upleg

SHORT-STERLING OPTIONS

Blue put fly trades again

EUR

EURGBP trades back towards 0.8600

(M9) 50-DMA Lending Support.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M9) 50-DMA Lending Support
*RES 3: 118-00/05 Series of prev lows Jun/Dec 2015
*RES 2: 117-11+ 50% 122-28+-111-26+
*RES 1: 116-142/15+ Mar 27 high/ Mar 10 2017 low
*PRICE: 115-05 @ 09:33 GMT, Apr 23
*SUP 1: 114-19/042 100-dma/50% 111-26+-116-142
*SUP 2: 113-232 200-dma
*SUP 3: 112.20/25 Series of previous lows
A muted Tuesday follows a muted Monday session, with the technical picture
changing little from the end of last week. Having briefly dipped under 115-00 in
recent days, 5-Yr futures remain in a holding pattern just above the 50-dma.
Consolidation above here is required to suggest a false break, opening a run at
the Mar 27 high at 116-142. Bears need a close back under 115-00 to put downside
focus on the 100-dma & 50% retracement level at 114-19/042, ahead of the 200-dma
at 113-232.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com