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GBPUSD TECHS

Corrections Remain Shallow

FED

Reverse Repo Operation, Inching Higher

PIPELINE

$1.5B Royal Bank of Canada 10Y Launched

COMMODITIES

WTI Remains Bullish, on Track for Cycle High Close

US TSYS/SUPPLY

2Y Auction ​Review: Small Stop

Rally Losing Momentum EUR/USD.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Rally Losing Momentum
EUR/USD failed to hold the 1.1600 level Thursday as the week's rally continues
to run out of steam. Bulls look for a move above the 1.1628/38 (week's high and
50% retracement level of recent decline) to challenge 1.1656, which is seen as
the next hurdle before the outlook can shift positive. A move below 1.1564 would
trigger a renewed bearish signal, returning the focus to the downside. A close
below Monday's 1.1530 low would add weight to the bearish scenario. A break
below the YTD low of 1.1509 resumes the longer-term downtrend.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com