A death cross on the Euro-dollar
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Booking Holdings (BKNG) rebounding right where it matters — on major swing support during earnings week. After consolidating 31% over the last 32 weeks, the stock has now tested the 4096 key swing level for three consecutive sessions. 👉 Important detail: Price pierced intraday, But never closed below 4096 That tells us institutions were willing to defend the level. Yesterday’s session printed a strong power bar, suggesting demand stepping in at support. Another key observation: Since topping around 5000, volume has been consistently elevated all the way down to the 4100 area. This isn’t a quiet drift lower. This is heavy participation. Now the question becomes: Is this accumulation at support… or just temporary stabilization before another leg down? 📍 Next level to watch: 4438 If price can build momentum and reclaim 4438, that would strengthen the case for a broader rebound and potential shift in short-term structure. Until then, 4096 remains the line in the sand. Source : Bloomberg

