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AUDUSD TECHS

Heavy!

JPY

Yen Shakes Off Earlier Weakness

EURGBP TECHS

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UK

Timeline of key events (Times GMT)

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Testing Its 50-Day EMA

EUROZONE

Timeline of key events (Times GMT)

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  • RES 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 130-30/131-19+ Intraday high / High Oct 14
  • PRICE: 130-24 @ 15:27 BST Oct 18
  • SUP 1: 130-14 Low Oct 18
  • SUP 2: 130-07 1.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 3: 130-00 Psychological round number
  • SUP 4: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle

Treasuries have started the week on a soft note, trading lower and resuming the downtrend. The break below 130-25+, a congestion support between Oct 11 - 13 confirms an extension of the bearish price sequence of lower lows and lower highs. This reinforces current sentiment and trend conditions. Attention is on 130-07, A Fibonacci projection and the 130-00 handle. Key resistance has been defined at 131-19+, Oct 14 high.