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BTP TECHS

(U1) Needle Still Points North

ASIA RATES

China Repo Rates Creep Higher

GILT TECHS

(U1) Still Needs To Tackle Recent Highs

SCHATZ TECHS

(U1) Northbound

BOBL TECHS

(U1) Bullish Theme Dominates

BUND TECHS

(U1) Trend Conditions Remain Bullish

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  • RES 4: 1.2266/85 High May 25 and the bull trigger / High Jan 8
  • RES 3: 1.2218 High Jun 9
  • RES 2: 1.2147 High Jun 15
  • RES 1: 1.2006 High Jun 17
  • PRICE: 1.1913 @ 06:00 BST Jun 18
  • SUP 1: 1.1892 Low Jun 17
  • SUP 2: 1.1871/67 2.0% 10-dma envelope / Low Apr 9
  • SUP 3: 1.1837 76.4% retracement of the Mar 31 - May 25 rally
  • SUP 4: 1.1795 Low Apr 6

EURUSD fell sharply Wednesday and remained under pressure yesterday. The recent breach of the 50-day EMA and 1.2104, Jun 4 low highlights a bearish theme and this week's sell-off reinforces current bearish sentiment. The focus is on 1.1837, a Fibonacci retracement where a break would open 1.1704, the Mar 31 low. On the upside, initial resistance is at 1.2006, yesterday's intraday high.