LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

• 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: 1.1779 @ 06:13 BST Sep 16
• SUP 1: 1.1694/43 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 recently been cleared reinforcing a bull cycle. This signals scope for 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 the 50-day EMA, at 1.1643. A clear breach of it would signal scope for a deeper retracement.

Market Summary:  Despite the positivity elsewhere, China's stocks did very little today with the Hang Seng barely up, CSI 300 down -0.38%, Shanghai down -0.10% and Shenzhen flat.  The Yuan Reference Rate at 7.1027 Per USD; Estimate 7.1163 and the 10-Yr is a touch higher in yield at 1.80%

• China’s new household deposits contracted in July and August from the year before, while deposits from non-bank financial institutions surged, in a sign that people have been moving money out of their savings and into the stock market for the past two months amid record-low interest rates, according to the latest data.  (source Yicai)
• China’s economy is expected to maintain steady growth in the third quarter despite weaker industrial and investment data in August, according to the National Bureau of Statistics. (source Yicai)