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CHINA PRESS

China GDP May Grow 8.7% In 2021: Daily

CHINA RATES

China Repo Rates Rises Thursday

CHINA PRESS

Shanghai Toughens Housing Markets: Xinhua News

AUSTRALIA DATA

Australia Jan Exports +6.0%; Surplus +AUD10.14 Bn

Outright bearish: *RES 4:.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Outright bearish:
*RES 4: 1.1191/1204 50-dma/100dma
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1153 Trendline resistance drawn off the Jun 25 high
*RES 1: 1.1098 High Aug 28
*PRICE: 1.0986 @ 15:53 GMT Aug 30
*SUP 1: 1.0985 Intraday Low
*SUP 2: 1.0969 1.0% 10-dma envelope
*SUP 3: 1.0946 3.0% Lower Bollinger Band
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
The single currency took out several key support levels Friday, firstly the YTD
low, swiftly followed by 1.10 psychological support and the channel base. This
bumps the pair into outright bearish territory, targeting volatility band
support at both 1.0969 and 1.0946. Any fall through here sees Fib support
targeted at 1.0864. For bulls to regain a semblance of influence, markets need
to take out key resistance at 1.1164, the Aug 26 high.