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Free Access(H18) 100.330 Resistance Still........>
EURIBOR TECHS: (H18) 100.330 Resistance Still Capping
*RES 4: 100.375 Daily bull channel top
*RES 3: 100.360 Oct 6 high, 76.4% Fibo of 100.420-100.140
*RES 2: 100.330 Oct 19 high
*RES 1: 100.325 Repeated daily highs Sep, Oct & Nov 2017
*PREVIOUS CLOSE: 100.320
*SUP 1: 100.310 Oct 26 low
*SUP 2: 100.300 Alternating daily support/resistance
*SUP 3: 100.280 Jul 24 low
*SUP 4: 100.250 Lows from late June early July
*COMMENTARY* Has spent the last two months trying to break free of
100.325-100.330 resistance. This basically in line with a 61.8% Fibo retrace of
the 100.420-100.140 fall seen in the second half of 2016. That said, support has
also been pretty steady throughout that time, above 100.300. will need a break
of this 100.330-100.300 range before a new direction can be plotted.
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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.