ECB: MNI ECB Review: A Good Starting Base To Watch War Impact

• 40,000 SFRK6 96.37/96.43/96.56 2x3x1 broken put flys, 4.25 net ref 96.56 at 1255:26ET

• US TSY 52W BILL AUCTION: HIGH 3.345%(ALLOT 32.64%)
• US TSY 52W BILL AUCTION: DEALERS TAKE 29.09% OF COMPETITIVES
• US TSY 52W BILL AUCTION: DIRECTS TAKE 3.10% OF COMPETITIVES
• US TSY 52W BILL AUCTION: INDIRECTS TAKE 67.81% OF COMPETITIVES
• US TSY 52W AUCTION: BID/CVR 2.96

• RES 4: 1.2081 High Jan 27 and key resistance   
• RES 3: 1.2007 76.4% retracement of the Jan 27 - Feb 6 bear leg 
• RES 2: 1.1961 61.8% retracement of the Jan 27 - Feb 6 bear leg 
• RES 1: 1.1929 High Feb 10
• PRICE: 1.1808 @ 15:44 GMT Feb 17
• SUP 1: 1.1805 Low Feb 17
• SUP 2: 1.1766 Low Feb 06 and key short-term support
• SUP 3: 1.1693 76.4% retracement of the Jan 19 -0 27 bull leg 
• SUP 4: 1.1670 Low Jan 22  

EURUSD continues to trade below its recent highs and Tuesday saw prices dip below the 20-day EMA. The latest pullback is considered corrective and a bullish theme remains intact. A rally on Feb 9 highlights a stronger reversal that suggests a recent bearish correction has concluded. Note that MA studies are in a bull-mode position, highlighting a dominant M/T uptrend. A resumption of gains would open 1.1961 and 1.2007, Fibonacci retracement points. Key S/T support is 1.1766, the Feb 6 low.