USDCAD TECHS: Approaching The Bull Trigger
Sep-11 07:03
* RES 4: 1.4111 High Apr 10 * RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg * RES 2...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EURUSD TECHS: Holding Pattern Below Cycle High
Aug-12 07:03
- RES 4: 1.1851 High Sep 10 2021
- RES 3: 1.1829 High Jul 01 and the bull trigger
- RES 2: 1.1789 High Jul 24
- RES 1: 1.1699 High Aug 7
- PRICE: 1.1611 @ 08:01 BST Aug 12
- SUP 1: 1.1401 Low Jul 30 and a bear trigger
- SUP 2: 1.1373 Low Jun 10
- SUP 3: 1.1313 Low May 30
- SUP 4: 1.1184 38.2% retracement of the Feb 3 - Jul 1 bull cycle
EUR/USD edged higher to a new recovery high Thursday, but has faded since. Price had cleared the post-NFP high to keep the recovery off the late July pullback low intact. This works against the bearish backdrop that had dominated the pullback from 1.1829. The break of firm resistance into 1.1619, the 20-day EMA, is signaling greater odds of a further reversal higher. Major support below rests at 1.1373 next, the Jun 10 low.
GILTS: Opening calls
Aug-12 06:57
Gilt calls, 92.07/92.11, these do NOT take the UK Data into account.
EQUITIES: EU Cash Opening calls
Aug-12 06:56
Estox 50: +0.37%, Dax: +0.37%, CAC: +0.33%, FTSE +0.16%, SMI +0.26%.
