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EDQ2 97.8125 Calls Blocked Again


WTI TECHS: (M2) Bearish Risk Remains Present


CPIF Hits 1991 High


Risks of 50bp hike growing


Downtrend Remains Intact

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*RES 4: 0.8911 High Apr 1
*RES 3: 0.8865 Apr 7 high and key resistance
*RES 2: 0.8842 50-dma
*RES 1: 0.8814 High May 4
*PRICE: 0.8729 @ 16:40 BST May 8
*SUP 1: 0.8691 Low May 01 / 05
*SUP 2: 0.8671 Low Apr 30 and bear trigger
*SUP 3: 0.8657 Low Mar 9
*SUP 4: 0.8621 Low Mar 5 and a key support
EURGBP remains range bound. A probe last week of key support at 0.8682, Apr 14
low, failed to deliver any follow through and price subsequently recovered off
the lows. A close below 0.8682 and a break of 0.8671 low is still required to
trigger a fresh bearish move. This would confirm a resumption of the downtrend
and open 0.8621, Mar 5 low. Key resistance and the bull reversal trigger remains
0.8865, the Apr 7 high.

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