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Free Access(H18) 21-DMA Supporting, 111.950.......>
SCHATZ TECHS: (H18) 21-DMA Supporting, 111.950 Resistance Key
*RES 4: 111.978 55-DMA
*RES 3: 111.950 High Jan 23
*RES 2: 111.949 Bollinger band top
*RES 1: 111.920 High Feb 6
*PREVIOUS CLOSE: 111.905
*SUP 1: 111.870 21-DMA
*SUP 2: 111.835 Low Feb 9
*SUP 3: 111.800 Low Feb 8
*SUP 4: 111.785 Hourly support Jan 29
*COMMENTARY: 111.950 resistance confirmed significance with the recovery from
2018 lows capped ahead. Failure to retest 2018 lows sees the contract work its
way back towards key resistance. Bulls look for a close above 111.950 to shift
initial focus to 111.978-112.035 and above 112.035 to target 112.240 Dec highs.
Bears now need a close below the 21-DMA to gain breathing room and reconfirm
focus on tests of 2018 lows with overall focus on the 200-WMA (111.639).
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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.