SCHATZ TECHS: (Z5) Bear Theme Remains Intact
- RES 4: 107.175 High Oct 24
- RES 3: 107.095 High Oct 28 / 31
- RES 2: 107.057 50-day EMA
- RES 1: 107.020 20-day EMA
- PRICE: 106.995 @ 06:14 GMT Nov 26
- SUP 1: 106.945 Low Nov 17
- SUP 2: 106.920 Low Sep 25 and a key support
- SUP 3: 106.900 Round number support
- SUP 4: 106.830 Low Mar 27 (cont.)
The short-term trend condition in Schatz futures is unchanged, it remains bearish and the latest bounce appears corrective. Recent weakness paves the way for an extension towards 106.920, the Sep 25 low and a key support. Clearance of this level would strengthen a bear theme. Initial firm resistance to watch is at the 50-day EMA, at 107.057. A clear break of this average would highlight a potential reversal.
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LOOK AHEAD: UK Timeline of Key Events (Times GMT)
| Date | Time | Period | Event |
| 27-Oct | 1100 | Oct | CBI Distributive Trades |
| 28-Oct | 0001 | Oct | BRC Monthly Shop Price Index |
| 29-Oct | 0001 | Oct | Brightmine pay deals for whole economy |
| 29-Oct | 0930 | Sep | BOE Lending to Individuals / M4 |
| 31-Oct | 0930 | --- | Blue Book / Pink Book |
| 03-Nov | 0930 | Oct | S&P Global Manufacturing PMI (Final) |
| 04-Nov | 1140 | --- | BOE Breeden at International Banking Conference |
| 05-Nov | 0930 | Oct | S&P Global Services/Composite PMI (Final) |
| 06-Nov | 0930 | Oct | S&P Global/CIPS Construction PMI |
| 06-Nov | 1200 | --- | Bank Of England Interest Rate |
| 06-Nov | 1230 | --- | Bank Of England Press Conference |
| 06-Nov | 1400 | Oct | Decision Maker Panel Data |
| 07-Nov | 1110 | --- | BOE Saporta At ECB Money Market Conference |
| 07-Nov | 1215 | --- | BOE Pill At National Agency Briefing |
EURUSD TECHS: Monitoring Support
- RES 4: 1.1919 High Sep 17 and a bull trigger
- RES 3: 1.1820 High Sep 23
- RES 2: 1.1775 61.8% retracement of the Sep 17 - Oct 9 bear leg
- RES 1: 1.1662/1728 50-day EMA / High Oct 17 and key resistance
- PRICE: 1.1628 @ 06:19 BST Oct 27
- SUP 1: 1.1542 Low Oct 9 and the bear trigger
- SUP 2: 1.1516 76.4% retracement of the Aug 1 - Sep 17 bull leg
- SUP 3: 1.1392 Low Aug 1 and bear trigger
- SUP 4: 1.1313 Low May 30
EURUSD continues to trade above support at 1.1542, the Oct 9 low. A break of this level is required to cancel a recent bullish signal and this would confirm a resumption of the bear cycle that started on Sep 17. A breach would open 1.1516, a Fibonacci retracement, and expose key support at 1.1392, the Aug 1 low. Price needs to trade above 1.1728, the Oct 17 high, to reinstate a bull theme.
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 27-Oct | 0900 | EU | M3 / Consumer Expectations Survey |
| 27-Oct | 0900 | DE | IFO Business Climate Index |
| 27-Oct | 0915 | EU | ECB Elderson Keynote on Banking Governance |
| 28-Oct | 0700 | DE | GFK Consumer Climate |
| 28-Oct | 0900 | IT | ISTAT Consumer/Business Confidence |
| 28-Oct | 0900 | EU | ECB Bank Lending Survey |
| 29-Oct | 0800 | ES | GDP (p) |
| 29-Oct | 1100 | IT | PPI |
| 30-Oct | 0630 | FR | GDP (p) / Consumer Spending |
| 30-Oct | 0800 | ES | HICP (p) |
| 30-Oct | 0855 | DE | Unemployment |
| 30-Oct | 0900 | DE | GDP (p) / State-level CPI |
| 30-Oct | 0900 | IT | GDP (p) |
| 30-Oct | 1000 | EU | ESI / Unemployment / Flash GDP |
| 30-Oct | 1300 | DE | Germany HICP (p) |
| 30-Oct | 1315 | EU | ECB Decision |
| 30-Oct | 1345 | EU | ECB Press Conference |
| 30-Oct | 1515 | EU | ECB Lagarde Presents Rate Decision on ECB Podcast |
