USD: Greenback Pops Higher on Source Report Concerning Currency Pledges
* A decent bump higher for the dollar in recent trade, as an article drops on Bloomberg suggesting...
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EURUSD TECHS: Trend Needle Points North
- RES 4: 1.1608 High Nov 9 2021
- RES 3: 1.1555 1.382 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 2: 1.1495 High Feb 10 2022
- RES 1: 1.1473 High Apr 11
- PRICE: 1.1350 @ 15:46 BST Apr 14
- SUP 1: 1.1144 High Apr 3 and a recent breakout level
- SUP 2: 1.08932 20-day EMA
- SUP 3: 1.0765 50-day EMA and a short-term pivot level
- SUP 4: 1.0733 Low Mar 27 and a key short-term support
A bull cycle in EURUSD remains intact and last week’s gains reinforce this condition. The breach of 1.1144, the Apr 3 high and bull trigger, confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 1.1555 next, a Fibonacci projection. Initial support lies at the 1.1144 breakout level. Key support is at 1.0932, the 20-day EMA.
MNI EXCLUSIVE: Former Chicago Fed's Evans On Policy Outlook
MNI interviews former Chicago Fed President Charles Evans on the outlook for central bank policy. -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
OPTIONS: Euribor Call Structures Prevalent As ECB Week Begins
Monday's Europe rates/bond options flow included:
- ERM5 98.0625/98.125/98.1875c fly, bought for half in 4k
- ERM5 98.00/98.12cs 1x1.5, sold the 1 at -0.5 in 6k
- ERM5 97.75/97.87cs 1x1.5, bought the 2 for 4 in 6k.
- SFIK5 95.95/96.10cs, bought for 3.75 in 4k
