Free Trial

(H18) Bollinger Top Capping *RES 4:...>

EURIBOR TECHS
EURIBOR TECHS: (H18) Bollinger Top Capping
*RES 4: 100.375 - High Oct 4 
*RES 3: 100.360 - High Oct 6 
*RES 2: 100.330 - High Oct 19 
*RES 1: 100.315 - 2017 High Aug 22, Bollinger top
*PREVIOUS CLOSE: 100.310
*SUP 1: 100.300 - Low Aug 11 - 16
*SUP 2: 100.298 - 21-DMA
*SUP 3: 100.285 - 55-DMA
*SUP 4: 100.275 - Alternating daily support/resistance
*COMMENTARY: Consolidation above the 21-DMA has retained pressure on 100.310
resulting in fresh 2017 highs before the Bollinger band top capped. Daily
studies at O/B levels and the Bollinger top are concerns for bulls. In saying
that, bears still need a close below the 21-DMA to ease bullish pressure and
below the 55-DMA to signal a correction that initially targets the 100-DMA
(100.271). While the 21-DMA supports bull target 100.330-360.

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.