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EUROZONE

Timeline of key events (Times BST)

BTP TECHS

(Z2) Trend Needle Still Points South

SNAPSHOT

Risk Negative Tone Reverberates In Asia

EUROSTOXX50 TECHS

(Z2) Bearish Price Action

EURUSD TECHS

Remains Vulnerable

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‌‌(U2)‌‌ Bullish Outlook

US 10YR FUTURE TECHS
  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 120-07 High Jul 5
  • PRICE: 119-12 @ 15:47 BST Jul 6
  • SUP 1: 118-19 50-day EMA
  • SUP 2: 117-23+ 20-day EMA
  • SUP 3: 116-11 Low Jun 28 and a key near-term support
  • SUP 4: 115-20 Low Jun 17

Treasuries traded modestly lower into the Wednesday close, in a minor slowing of the recent bullish short-term cycle. A bullish theme remains in play following last week’s gains and resumption of the uptrend that started Jun 14. Price is also through the 50-day EMA. This signals scope for a continuation higher and attention is on 120-19+, the May 26 high. Key short-term support has been defined at 116-11, Jun 28 low. A break would highlight a bearish reversal.

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  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 120-07 High Jul 5
  • PRICE: 119-12 @ 15:47 BST Jul 6
  • SUP 1: 118-19 50-day EMA
  • SUP 2: 117-23+ 20-day EMA
  • SUP 3: 116-11 Low Jun 28 and a key near-term support
  • SUP 4: 115-20 Low Jun 17

Treasuries traded modestly lower into the Wednesday close, in a minor slowing of the recent bullish short-term cycle. A bullish theme remains in play following last week’s gains and resumption of the uptrend that started Jun 14. Price is also through the 50-day EMA. This signals scope for a continuation higher and attention is on 120-19+, the May 26 high. Key short-term support has been defined at 116-11, Jun 28 low. A break would highlight a bearish reversal.