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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 25-Aug | 0800 | ES | PPI |
| 25-Aug | 0900 | DE | IFO Business Climate Index |
| 25-Aug | 1400 | BE | BNB Business Confidence |
| 26-Aug | 0745 | FR | Consumer Sentiment |
| 27-Aug | 0700 | DE | GFK Consumer Climate |
| 28-Aug | 0900 | EU | M3 |
| 28-Aug | 0900 | IT | ISTAT Business / Consumer Confidence |
| 28-Aug | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 29-Aug | 0700 | DE | Import/Export Prices / Retail Sales |
| 29-Aug | 0745 | FR | HICP (p) / PPI / GDP (f) / Consumer Spending |
| 29-Aug | 0800 | ES | HICP (p) |
| 29-Aug | 0855 | DE | Unemployment |
| 29-Aug | 0900 | IT | GDP (f) |
| 29-Aug | 0900 | DE | Regional CPIs |
| 29-Aug | 0900 | EU | ECB Consumer Expectations Survey |
| 29-Aug | 1000 | IT | HICP (p) |
| 29-Aug | 1000 | EU | ECB de Guindos at Cursos Europeos de Verano |
| 29-Aug | 1300 | DE | CPI (p) |
BOBL TECHS: (U5) Bearish Theme
- RES 4: 117.710 High Aug 5 and a key resistance
- RES 3: 117.640 High Aug 7
- RES 2: 117.488 50-day EMA
- RES 1: 117.410 High Aug 21
- PRICE: 117.230 @ 05:59 BST Aug 25
- SUP 1: 116.950 Low Aug 15
- SUP 2: 116.840 1.00 proj of the Jun 13 - Jul 11 - 22 price swing
- SUP 3: 116.800 Low Mar 17 (cont)
- SUP 4: 116.637 76.4% retracement of the Mar 6 - Apr 7 bull leg (cont)
A bearish theme in Bobl futures remains intact. A strong sell-off on Aug 15 highlights the bearish threat and moving average studies are in a bear-mode position. The contract has pierced support at 116.970, the Jul 25 low and a bear trigger. A clear breach of this level would set the scene for an extension towards 116.840, a Fibonacci projection. Key short-term resistance is 117.488, the 50-day EMA.
EURUSD TECHS: Friday’s Rally Reinforces A Bull Theme
- 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: 1.1743 High Aug 22
- PRICE: 1.1703 @ 06:10 BST Aug 25
- SUP 1: 1.1596/1.1528 50-day EMA / Low Aug 5
- SUP 2: 1.1392 Low Aug 1 and bear trigger
- SUP 3: 1.1373 Low Jun 10
- SUP 4: 1.1313 Low May 30
The trend set-up in EURUSD remains bullish and Friday’s rally reinforces current conditions. Support at the 50-day remains intact, at 1.1596. A clear break of it would signal scope for a deeper retracement and potentially expose key support at 1.1392, the Aug 1 low. For bulls, a stronger resumption of gains would open key resistance and the bull trigger at 1.1829, the Jul 1 high.
