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KOREA RATES

10-Year Future Hits Contract High

TWD

Central Bank On Hold At Record Low

CHINA RATES

China Repo Rates Rise Friday

KRW

Coronavirus Cases Stubbornly Above 500

US TSY FUTURES

TYU1 Lifted

Momentum Building EURUSD has so...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Momentum Building
EURUSD has so far failed to break back above 1.1800, despite this the bullish
trend remains intact. Near-term resistance comes in at 1.1851 from the June 14
high, a break targets the 50% retracement (Feb high - Aug low) & 200-dma
resistance levels at 1.1928/47. A close below neckline support at 1.1724 would
open the 100-dma at 1.1660. A break back below here is needed to shift the focus
back to the downside, suggesting a resumption of weakness towards the Sep 10 low
at 1.1526.