OUTLOOK: Price Signal Summary - EURUSD Remains Above The 50-Day EMA

• In the equity space, a short-term reversal in S&P E-Minis last week highlights the start of a corrective cycle. The trend condition has been oversold following recent weakness and the move higher is allowing this set-up to unwind. Initial resistance to watch is 5524.91, the 20-day EMA. Resistance at the 50-day EMA is at 5737.71. On the downside, key support and the bear trigger has been defined at 4832.00, the Apr 7 low. Initial support to watch is 5098.16, the 61.8% retracement of the Apr 7 - 10 bounce.
• EUROSTOXX 50 futures continue to trade above their recent lows. The latest bounce highlights the start of a corrective cycle and if this is correct, marks an unwinding of the recent oversold trend condition. Resistance levels to watch are 5008.57, the 20-day EMA, and 5141.17, the 50-day EMA. Key support and the bear trigger has been defined at 4444.00, the Apr 7 low. A break of this level would confirm a resumption of the downtrend. Initial support is seen at 4664.00, the Apr 10 low.

Source: BBG

SOFR FIX - Source BBG/CME

• 1M 4.32813 0.0072
• 3M 4.27979 0.01925
• 6M 4.14224 0.02896
• 12M 3.90182 0.01303