GBPUSD TECHS: Bull Cycle Remains In Play
Feb-26 06:25
* RES 4: 1.2853 2.0% 10-dma envelope * RES 3: 1.2811 High Dec 6 '24 * RES 2: 1.2767 50.0% retracemen...
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LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Jan-27 06:23
| Date | UK | Period | Event |
| 28-Jan | 0001 | Jan | BRC Monthly Shop Price Index |
| 29-Jan | 1415 | BOE's Bailey at Treasury Select Committee | |
| 30-Jan | 0930 | Dec | BOE M4/ Lending to Individuals |
| 03-Feb | 0930 | Jan | S&P Global Manufacturing PMI (Final) |
| 05-Feb | 0930 | Jan | S&P Global Services/ Composite PMI (Final) |
| 06-Feb | 0930 | Jan | S&P Global/CIPS Construction PMI |
| 06-Feb | 1200 | Bank Of England Interest Rate | |
| 06-Feb | 1230 | BOE MPR press conference | |
| 06-Feb | 1400 | Jan | Decision Maker Panel data |
| 07-Feb | 1215 | BOE's Pill at National MPC Agency briefing | |
| 11-Feb | 0001 | Jan | BRC-KPMG Shop Sales Monitor |
| 13-Feb | 0700 | Dec | GDP/ Trade/ Services/ Production/ Construction |
| 13-Feb | 0700 | Q4 | GDP First Estimate |
| 18-Feb | 0700 | Dec/Jan | Labour Market Survey |
| 19-Feb | 0001 | Jan | Brightmine pay deals for whole economy |
| 19-Feb | 0700 | Jan | Consumer inflation report |
| 19-Feb | 0700 | Jan | Producer Prices |
EURUSD TECHS: Trades Through The 50-Day EMA
Jan-27 06:20
- RES 4: 1.0696 50.0% retracement of the Sep 25 - Jan 13 bear leg
- RES 3: 1.0630 High Dec 06
- RES 2: 1.0574 38.2% retracement of the Sep 25 - Jan 13 bear leg
- RES 1: 1.0521 High Jan 27
- PRICE: 1.0461 @ 06:19 GMT Jan 27
- SUP 1: 1.0377 20-day EMA
- SUP 2: 1.0260 Low Jan 15
- SUP 3: 1.0178 Low Jan 13 and the bear trigger
- SUP 4: 1.0138 1.764 proj of the Sep 25 - Oct 23 - Nov 5 price swing
EURUSD remains in a short-term bull cycle - a correction. Last week’s gains resulted in a breach of the 50-day EMA, at 1.0457. The break higher strengthens short-term bullish conditions and signals scope for a continuation near-term. Sights are on 1.0574, a Fibonacci retracement point. Initial support to watch is 1.0377, the 20-day EMA. A reversal lower and a move through the EMA would signal a possible reversal.
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Jan-27 06:18
| Date | Time | Country | Event |
| 27-Jan | 810 | EU | ECB's Lagarde lecture organised by Hungarian central bank |
| 27-Jan | 0900 | DE | IFO Business Climate Index |
| 27-Jan | 1400 | BE | BNB Business Confidence |
| 27-Jan | 1535 | EU | ECB's Lagarde remarks at IHRD occasion |
| 28-Jan | 745 | FR | Consumer Sentiment |
| 28-Jan | 900 | EU | ECB Bank Lending Survey |
| 28-Jan | 1430 | EU | ECB's Cipollone in panel on future of markets |
| 28-Jan | 1700 | EU | ECB's Lagarde to mee t with Ursula von der Leyen |
| 29-Jan | 0700 | DE | GFK Consumer Climate |
| 29-Jan | 800 | ES | GDP (p) |
| 29-Jan | 900 | EU | M3 |
| 29-Jan | 900 | IT | ISTAT Consumer/ Business Confidence |
