FED: US TSY 5Y NOTE AUCTION: HIGH YLD 4.182%; ALLOTMENT 75.22%

• US TSY 13W BILL AUCTION: HIGH 3.590%(ALLOT 46.78%)
• US TSY 13W BILL AUCTION: DEALERS TAKE 28.09% OF COMPETITIVES
• US TSY 13W BILL AUCTION: DIRECTS TAKE 6.73% OF COMPETITIVES
• US TSY 13W BILL AUCTION: INDIRECTS TAKE 65.18% OF COMPETITIVES
• US TSY 13W BILL AUCTION: BID/CVR 3.09

White House Press Secretary Karoline Leavitt is shortly due to brief reporters at the White House. LIVESTREAM The presser was not initially included in the White House's agenda for today. 

• While the press briefing is likely to focus on Saturday's shooting incident at the White House Correspondents' Dinners, it will be closely followed for clues on President Donald Trump's next steps in Iran. Today, several reports suggested that Trump would meet with his national security team to discuss the stalemate in the negotiations and potential next steps. 

• RES 4: 1.1996 High Jan 29
• RES 3: 1.1929 76.4% retracement of the Jan 27 - Mar 13 bear leg
• RES 2: 1.1857 High Feb 18 
• RES 1: 1.1849 High Apr 17 and the bull trigger 
• PRICE: 1.1731 @ 17:02 BST Apr 27
• SUP 1: 1.1676/69 50-day EMA / Low Apr 23 
• SUP 2: 1.1590 Low Apr 8
• SUP 3: 1.1505 Low Apr 6 and a key S/T support
• SUP 4: 1.1443/11 Low Mar 30 / Low Mar 13 & 16 and the bear trigger

The latest pullback in EURUSD has so far managed to find support at the 50-day EMA - currently at 1.1676. The average has been pierced, however, a clear break of it is required to suggest a stronger short-term reversal. This would open 1.1505, the Apr 6 low. For bulls, a recovery would refocus attention on resistance at 1.1849, the Apr 17 high and bull trigger. Clearance of this hurdle would resume the uptrend that started mid-March.