EURGBP TECHS: Slips Through Several Supports
Oct-02 18:00
* RES 4: 0.8694 High Jun 22 * RES 3: 0.8652 High Jun 26 * RES 2: 0.8635 76.4% retracement of the Jun...
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EURGBP TECHS: Pierces Resistance
Sep-02 18:00
- RES 4: 0.8652 High Jun 26
- RES 3: 0.8632 76.4% retracement of the Jun 22 - Jul 15 bear leg
- RES 2: 0.8601 61.8% retracement of the Jun 22 - Jul 15 bear leg
- RES 1: 0.8594 High Sep 02
- PRICE: 0.8588 @ 16:49 BST Sep 02
- SUP 1: 0.8532 Low Aug 12 and key S/T support
- SUP 2: 0.8518/8455 Low Jul 22 / 15 and the bear trigger
- SUP 3: 0.8443 2.236 projection of the May 18 - 25 - Jun 22 swing
- SUP 4: 0.8374 76.4% retrace of the Dec 19 ‘24 - Nov 14 ‘25 bull leg
EURGBP continues to trade in a range. However, the pair has pierced key S/T resistance is at 0.8588, the Jul 30 high. A clear break of it would suggest scope for a stronger corrective bull theme and highlight a clear breach of the 50-day EMA, at 0.8570. This would open 0.8601, a Fibonacci retracement. Note that M/T trend signals still highlight a dominant downtrend. Initial firm support to watch is 0.8532, the Aug 12 low. Clearance of it would be bearish.
CANADA EXTENDING GAS TAX HOLIDAY TO JAN 31, 2027
Sep-02 17:48
- CANADA EXTENDING GAS TAX HOLIDAY TO JAN 31, 2027
US TSY OPTIONS: Opener: Short Term 2Y Put Condor
Sep-02 17:48
- Limited downside put condor is an opener - zero OI in related strikes
- 5,350 wk3 TU 102.12/102.25/102.50/102.62 put condors (exp 9/18) ref 102-17.5
