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EURUSD TECHS

Correction Still In Play

US TSYS/SUPPLY

20Y WI Update

PIPELINE

Guidance Updated

US EURODLR FUTURES

BLOCK, Green Pack

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  • RES 4: 134-09+ High Aug 5
  • RES 3: 134-00+ High Aug 17 and key near-term resistance
  • RES 2: 133-28 High Sep 3
  • RES 1: 133-11 20-day EMA
  • PRICE: 132-25+ @ 19:46 BST Sep 17
  • SUP 1: 132-20+ Low Sep 17
  • SUP 2: 132-12 0.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 3: 131-27+ 1.00 proj of the Aug 4 - 11 - 17 price swing
  • SUP 4: 131-14 Low Jun 17 (cont)

Treasury futures traded lower again Friday and in the process delivered prints below support at 132-25+, Aug 26 low and 132-21+, Aug 11 low. The break reinforces a bearish theme and suggests potential for a deeper sell-off. A resumption of weakness would open 132-12, a Fibonacci projection. On the upside, initial firm resistance is seen at 133-28, Sep 3 high ahead of the key hurdle for bulls at 134-00+.