Free Trial

Focus Now On 2016 High *RES.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Now On 2016 High
*RES 4: Gbp0.9365 2016 High Oct 6
*RES 3: Gbp0.9307 2017 High Aug 29
*RES 2: Gbp0.9280 Hourly support Aug 29 now resistance
*RES 1: Gbp0.9270 Alternating hourly support/resistance
*PRICE: Gbp0.9264 @ 0430GMT
*SUP 1: Gbp0.9248 Low Aug 29 
*SUP 2: Gbp0.9230 Low Aug 28 
*SUP 3: Gbp0.9215 Hourly resistance Aug 25 now support 
*SUP 4: Gbp0.9189 Hourly support Aug 23a
*COMMENTARY: Bulls managed a pop above the daily bull channel top (Gbp0.9293) on
the way to fresh 2017 and 10mth highs although follow through has been lacking
with the Bollinger top (Gbp0.9307) a concern along with very O/B studies. Bears
continue to look for a close below Gbp0.9215 to shift focus back to the key
Gbp0.9149-78 support region. Below Gbp0.9149 remains needed to shift focus back
to Gbp0.9089-0.9128 where the 21-DMA (Gbp0.9128) is located.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.