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EUROSTOXX50 TECHS

(Z1) Holding Onto Last Week's Gains

BTP TECHS

(Z1) Trend needle Still Points South

GILT TECHS

(Z1) Gains Considered Corrective

GOLD

Flat

SCHATZ TECHS

(Z1) Correction Appears To Be Over

BOBL TECHS

(Z1) Starting The Week On A Soft Note

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  • RES 4: 0.8670 High Jul 20 and key resistance
  • RES 3: 0.8659 High Jul 21
  • RES 2: 0.8614/18 High Sep 7 / 76.4% of the Jul 20 - Aug 10 sell-off
  • RES 1: 0.8613 High Sep 22 and a bull trigger
  • PRICE: 0.8564 @ 15:42 BST Sep 24
  • SUP 1: 0.8530 Sep 20 low
  • SUP 2: 0.8502/01 76.4% of the Aug 10 - Sep 7 rally / Low Sep 16
  • SUP 3: 0.8484 Low Aug 16
  • SUP 4: 0.8467/50 1.0% 10-dma envelope / Low Aug 10

EURGBP traded lower Thursday. The cross has failed to challenge key resistance at 0.8614, Sep 7 high. Further weakness would open initial support at 0.8530, Sep 20 low ahead of the key short-term support at 0.8501, the Sep 16 low. A breach of this level would open 0.8484, Aug 16 low and 0.8450, Aug 10 low and the bear trigger. For bulls, clearance of 0.8614 is required to highlight a firmer bullish theme.