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BOE

BNP expect 15bp December hike

US TSYS

Repo Reference Rates

BOE

BNP continue to expect a 15bp November hike

EGB OPTIONS

Euro-Bund Put Spd, Schatz Vol Sale

HUNGARY

JP Morgan On NBH 1W Deposit and Policy Rates

Stalls At Key S/T Resistance

EURUSD TECHS
  • RES 4: 1.1965 50.0% retracement of the May - Aug sell-off
  • RES 3: 1.1945 High Jun 28
  • RES 2: 1.1920 1.0% 10-dma envelope
  • RES 1: 1.1909 High Jul 30 / Sep 03 and a key resistance
  • PRICE: 1.1869 @ 06:14 BST Sep 6
  • SUP 1: 1.1797 20-day EMA
  • SUP 2: 1.1735/1664 Low Aug 27 / Low Aug 20 and the bear trigger
  • SUP 3: 1.1621 1.00 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD traded higher Friday on the weaker-than-forecast NFP release and touched but failed to break key resistance at the Jul 30 high of 1.1909. This level remains a key hurdle for bulls and a break would strengthen bullish conditions. Price remains above the 50-day EMA - the recent break reinforced the positive short-term condition. On the downside, the support to watch is 1.1735, Aug 27 low. A break would suggest the recent rally is over.