LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 10-Sep | 0800 | ES | Industrial Production |
| 10-Sep | 0900 | IT | Industrial Production |
| 11-Sep | 1315 | EU | ECB Rate Decision |
| 11-Sep | 1345 | EU | ECB Press Conference |
| 11-Sep | 1515 | EU | ECB Lagarde Presents Rate Decision on ECB Podcast |
| 12-Sep | 0700 | DE | Germany CPI (f) |
| 12-Sep | 0745 | FR | HICP (f) |
| 12-Sep | 0800 | ES | HICP (f) |
| 12-Sep | 1000 | EU | Labour Market Quarterly Statistics |
| 15-Sep | 1000 | EU | Trade Balance |
| 15-Sep | 1910 | EU | ECB Lagarde at Institut Montaigne Paris |
| 16-Sep | 0900 | IT | HICP (f) |
| 16-Sep | 1000 | DE | ZEW Current Expectations Index |
| 16-Sep | 1000 | EU | EZ Industrial Production |
| 17-Sep | 0830 | EU | ECB Lagarde at ECB Annual Research Conference |
| 17-Sep | 1000 | EU | EZ HICP Final |
| 17-Sep | 1215 | EU | ECB Cipollone at NL Central Bank Resilience Conference |
EURUSD TECHS: Bullish Outlook
- RES 4: 1.1923 2.00 proj of the Feb 28 - Mar 18 - 247 price swing
- RES 3: 1.1851 High Sep 10 2021
- RES 2: 1.1829 High Jul 01 and the bull trigger
- RES 1: 1.1789 High Jul 24
- PRICE: 1.1715 @ 06:16 BST Sep 10
- SUP 1: 1.1674/28 20-and 50-day EMA values
- SUP 2: 1.1574 Low Aug 27
- SUP 3: 1.1528 Low Aug 5
- SUP 4: 1.1392 Low Aug 1 and bear trigger.
The trend theme in EURUSD remains bullish. Resistance at 1.1743, the Aug 22 high, has been cleared reinforcing a bull cycle. This signals scope for an extension towards 1.1829, the Jul 01 high and bull trigger. Clearance of this hurdle would confirm a resumption of the primary uptrend. Support to watch is around the 50-day EMA, at 1.1628. A clear breach of this average would signal scope for a deeper retracement.
BUND TECHS: (Z5) Bull Cycle Intact
- RES 4: 129.66 High Jul 22
- RES 3: 129.50 High Aug 5 and a key resistance
- RES 2: 129.31 High Aug 6
- RES 1: 129.33 High Sep 8
- PRICE: 129.15 @ 05:55 BST Sep 10
- SUP 1: 128.58/25 20-day EMA / Low Sep 4
- SUP 2: 127.61 Low Sep 3 and the bear trigger
- SUP 3: 127.46 1.00 proj of the Aug 14 - 15 - 28 price swing
- SUP 4: 127.13 1.236 proj of the Aug 14 - 15 - 28 price swing
Recent gains in Bund futures resulted in a break of resistance at 128.87, the Aug 28 high and short-term bull trigger. The climb undermines a recent bearish theme and highlights a stronger reversal. Price has moved through the 129.00 handle, signalling scope for an extension towards 129.50, the Aug 5 high. Key support and the bear trigger has been defined at 127.61, the Sep 3 low. First support is 128.58, the 20-day EMA.
