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Key data releases this week

CROSS ASSET

Equities dip lower

US TSY FUTURES

BLOCK, 5Y Buy

EURIBOR OPTIONS

Put Condor

CORN TECHS

(N2) Primary Trend Still Up

FED

Williams Toes The Line

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Pullback Considered Corrective

EURGBP TECHS
  • RES 4: 0.8670 High Jul 20 2021
  • RES 3: 0.8658/61/58 High Sep 29 2021 / 2.0% 10-dma envelope
  • RES 2: 0.8643 High Sep 30 2021
  • RES 1: 0.8619 High May 12
  • PRICE: 0.8509 @ 16:36 BST May 13
  • SUP 1: 0.8493 Low May 12
  • SUP 2: 0.8468 High Apr 27 and a recent breakout level
  • SUP 3: 0.8410/8367 50-day EMA / Low May 2
  • SUP 4: 0.8313 Low Apr 22

EURGBP reversed initial gains Thursday and failed to remain above the 0.8600 handle, working against the overarching uptrend. A pullback is considered corrective and the trend condition remains bullish. A resumption of strength would open 0.8624, the Oct 1 2021 high and 0.8661, the top of a moving average envelope. Initial firm support is seen at 0.8468, the Apr 27 high and breakout level.

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  • RES 4: 0.8670 High Jul 20 2021
  • RES 3: 0.8658/61/58 High Sep 29 2021 / 2.0% 10-dma envelope
  • RES 2: 0.8643 High Sep 30 2021
  • RES 1: 0.8619 High May 12
  • PRICE: 0.8509 @ 16:36 BST May 13
  • SUP 1: 0.8493 Low May 12
  • SUP 2: 0.8468 High Apr 27 and a recent breakout level
  • SUP 3: 0.8410/8367 50-day EMA / Low May 2
  • SUP 4: 0.8313 Low Apr 22

EURGBP reversed initial gains Thursday and failed to remain above the 0.8600 handle, working against the overarching uptrend. A pullback is considered corrective and the trend condition remains bullish. A resumption of strength would open 0.8624, the Oct 1 2021 high and 0.8661, the top of a moving average envelope. Initial firm support is seen at 0.8468, the Apr 27 high and breakout level.