Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

EURO
EURO: Participants await today's ECB MonPol decision, with EUR sticking to a
tight range in Asia dealing. The ECB's statement & Draghi's press conference
will be eyed for any hawkish rhetoric. EURUSD last at 1.2405, EURJPY at 131.60. 
- For EURUSD, the recovery from last week's dip < the 55-DMA (1.2222) resulted
in a pop above the 1.2435 resistance. Bulls now look for a close above 1.2444 to
confirm initial focus on 2018 highs. Support layers accumulating adds to bullish
confidence with bears needing a close below 1.2320 to ease bullish pressure.
- For EURJPY fresh 2018 lows lacked follow through. Bulls now look for a close
above the 21-DMA (132.05). Key support is now noted at 130.58 with bears needing
a close below to retain focus 55 & 200-WMAs. Correcting O/S studies add support
to the bullish case.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com