EU HEALTHCARE: Eurofins (ERFFP; Baa3/NR/BBB-) Refinancing Schuldschein

• RES 4: 0.6603 High Nov 11 ‘24  
• RES 3: 0.6582 High Nov 12 ‘24
• RES 2: 0.6550 61.8% retracement of the Sep 30 ‘24 - Apr 9 bear leg
• RES 1: 0.6537 High May 26  
• PRICE: 0.6433 @ 08:06 BST May 28
• SUP 1: 0.6425 20-day EMA  
• SUP 2: 0.6376/57 50-day EMA / Low May 12    
• SUP 3: 0.6275 Low Apr 14 
• SUP 4: 0.6181 Low Apr 11 

AUDUSD trend signals remain bullish and the latest pullback is considered corrective. The pair has cleared a key short-term resistance at 0.6515, the May 7 high. This confirms a triangle breakout and marks a resumption of the uptrend. Sights are on 0.6550, a Fibonacci retracement. Key support lies at 0.6379, the 50-day EMA. A clear break of this average is required to signal a potential short-term reversal.

• RES 4: 166.69 High Oct 31 2024 and a key resistance
• RES 3: 166.10 High Nov 6         
• RES 2: 165.21/43 High May 13 / High Nov 8 2024 
• RES 1: 164.07 High May 15 
• PRICE: 163.37 @ 17:06 BST May 27
• SUP 1: 161.09 Low May 23      
• SUP 2: 160.99 Low Apr 22  
• SUP 3: 160.01 50% Retracement Feb’25 - May’25 Upleg
• SUP 4: 159.48 Low Apr 9  

EURJPY has recovered from its lows and for now, this undermines the recent bearish theme and signals the end of the recent corrective leg between May 13 - 23, and a likely resumption of the uptrend. Key short-term support has been defined at 161.09, the May 23 low, where a break is required to suggest scope for a deeper correction. A continuation higher would expose 165.21, the May 13 high and bull trigger.

Estox 50: -0.01%, Dax: +0.12%, CAC: +0.09%, FTSE +0.05%, SMI -0.13%.