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EURUSD TECHS

Extends This Week’s Decline

US 10YR FUTURE TECHS

(H2)‌‌ Downtrend Intact

US EURODLR OPTIONS

Late Put Trade

US TSYS

Breakevens Slide After 10Y TIPS Auction Tails

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(Z0) Approaching The Bear Trigger

US 5YR FUTURE TECHS
  • RES 4: 125-31 High Oct 15 and a key near-term resistance
  • RES 3: 125-29 61.8% retracement of the Sep 30 - Oct 23 sell-off
  • RES 2: 125-272 High Oct 28 and the bull trigger
  • RES 1: 125-242 Trendline resistance drawn off the Sep 30 high
  • PRICE: 125-17 @ 11:18 GMT Nov 3
  • SUP 1: 125-16+ Low Oct 22 and 23 and the bear trigger
  • SUP 2: 125-156 1.00 proj of Aug 4 - 28 sell-off from Sep 3 high
  • SUP 3: 125-112 Low Jun 10 (cont)
  • SUP 4: 125-10+ 1.236 proj of Aug 4 - 28 sell-off from Sep 3 high

5yr futures weakened following the recent failure at trendline resistance drawn off the Sep 30 high and remain soft. The trendline intersects at 125-242. While the trendline holds, support at 125-16+, Oct 22 and 23 low remains exposed. Clearance of this level would confirm a resumption of bearish activity and open 125-156 initially, a Fibonacci projection. On the upside, clearance of the trendline is required to reverse the trend.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
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