LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Mar-19 06:18
DateTimeCountryEvent
19-Mar1000EUHICP (f)
19-Mar1200EUECB's de Guindos at V Observatorio Finanzas
19-Mar1300EUECB Elderson At European Financials Conference
20-Mar700DEPPI
20-Mar800EUECB's Lagarde At ECON Hearing
20-Mar1000EUConstruction Production
20-Mar1200EUECB's Lane At UCC Economics Society's Conference
21-Mar745FRManufacturing Sentiment
21-Mar900EUEZ Current Account
21-Mar1500EUConsumer Confidence Indicator (p)
24-Mar815FRS&P Global Flash PMI
24-Mar830DES&P Global Flash PMI
24-Mar900EUS&P Global Flash PMI
25-Mar800ESPPI
25-Mar900DEIFO Business Climate Index
25-Mar1400BEBNB Business Confidence
26-Mar745FRConsumer Sentiment
26-Mar800ESGDP (f)
26-Mar1740EUECB's Cipollone in panel on Digital Finance

Historical bullets

LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)

Feb-17 06:18
DateTimeCountryEvent
17-Feb1000EUTrade Balance
17-Feb EUECB's Lagarde and Cipolllone in Eurogroup meeting
18-Feb745FRHICP (f)
18-Feb1000DEZEW Current Expectations Index
18-Feb EUECB's De Guindos in ECOFIN meeting
18-Feb1400EUECB's Cipollone in MNI Connect Event on Balance Sheet
19-Feb900EUEZ Current Account
19-Feb1000EULabour costs
20-Feb700DEPPI
20-Feb1000EUConstruction Production
20-Feb1500EUConsumer Confidence Indicator (p)
21-Feb745FRManufacturing Sentiment
21-Feb815FRS&P Global Flash PMI
21-Feb830DES&P Global Flash PMI
21-Feb900ITHICP (f)
21-Feb900EUS&P Global Flash PMI
21-Feb1430EUECB's Lane Speech at FIW-Research Conference

EURGBP TECHS: Pivot Resistance Remains Intact

Feb-17 06:11
  • RES 4: 0.8474 High Jan 20 and a key resistance    
  • RES 3: 0.8420 76.4% retracement of the Jan 20 - Feb 3 bear leg  
  • RES 2: 0.8388 61.8% retracement of the Jan 20 - Feb 3 bear leg  
  • RES 1: 0.8378 High Jan 6   
  • PRICE: 0.8333 @ 06:11 GMT Feb 17 
  • SUP 1: 0.8297/8248 Low Feb 4 / 3 and a bear trigger
  • SUP 2: 0.8223 Low Dec 19 and a key support  
  • SUP 3: 0.8203 Low Mar 7 ‘22 and a lowest point of a multi-year range   
  • SUP 4: 0.8163 123.6% retracement of the Dec 19 - Jan 20 bull leg 

EURGBP continues to trade in a range. The early February bounce still appears to have undermined a recent bearish threat. Attention is on 0.8378, the Jan 6 high and a key short-term pivot resistance. Clearance of it would strengthen a bullish condition and signal scope for a stronger recovery. For bears, a resumption of weakness would once again refocus attention on 0.8248, the Feb 3 low and bear trigger.

SCHATZ TECHS: (H5) Corrective Cycle Intact For Now

Feb-17 06:06
  • RES 4: 107.170 High Dec 20
  • RES 3: 107.081 61.8% retracement of the Dec 2 - Jan 15 bear leg   
  • RES 2: 107.045 High Jan 3
  • RES 1: 106.854/975 50-day EMA / High Feb 10          
  • PRICE: 106.730 @ 05:50 GMT Feb 17   
  • SUP 1: 106.705 Low Feb 12               
  • SUP 2: 106.600 Low Jan 31
  • SUP 3: 106.515 Low Jan 30 
  • SUP 4: 106.435 Low Jan 15 and key support  

A bull cycle that began Jan 15 in Schatz futures remains in play, and the pullback from the early February highs appears corrective - for now. However, the contract continues to trade at its recent lows and this highlights potential for a deeper retracement. A continuation lower would open 106.600 next, the Jan 31 low.  For bulls, a  resumption of gains would refocus attention on key resistance and the bull trigger at 107.045, the Feb 3 high.