Free Trial

(H18) Above 100.305 Targets...........>

EURIBOR TECHS
EURIBOR TECHS: (H18) Above 100.305 Targets 100.330-360
*RES 4: 100.360 - High Oct 6 
*RES 3: 100.330 - High Oct 19 
*RES 2: 100.307 - Bollinger band top 
*RES 1: 100.305 - 2017 High June 14 & 22
*PREVIOUS CLOSE: 100.305
*SUP 1: 100.285 - Repeated daily lows July & Aug
*SUP 2: 100.281 - 55-DMA, Daily Bull channel base
*SUP 3: 100.275 - Alternating daily support/resistance
*SUP 4: 100.268 - Bollinger band top
*COMMENTARY: The support at 100.285 has now provided the base for a rally and
bullish close pressuring 2017 highs. Bulls continue to look for a close above
100.305 to reconfirm the bullish bias and initially target 100.330-360 last seen
in Oct. Layers of support remain 100.275-285 with bears needing a close below
100.275 to confirm an easing of bullish pressure and break of DMAs & the bull
channel base with focus shifting to the 100-DMA (100.260).

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.