Trial now
SOY TECHS

(N1) Bulls Still In Charge

BOE

Press Conference Begins

COPPER TECHS

(N1) Still Heading North

Needs to Build Above 0.9148

EURO-STERLING TECHS
  • RES 4: 0.9234 2.0% 10-dma envelope
  • RES 3: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
  • RES 2: 0.9176 High Jun 29 and the bull trigger
  • RES 1: 0.9148 High Jul 27
  • PRICE: 0.9043 @ 05:29 BST Aug 6
  • SUP 1: 0.8981 Low Jul 31
  • SUP 2: 0.8938 Low Jul 10 and the key near-term support
  • SUP 3: 0.8933 100-dma
  • SUP 4: 0.8913 Low Jun 16

Having closed back above the 50-dma Tuesday, EUR/GBP is continuing to chew through last week's losses, but bulls will remain shaky until progress is made above 0.9148 (Jul 27 high). A break above here open 0.9176, Jun 29 high initially. 0.8981 is the key near-term support.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com