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Free AccessMNI US OPEN - Trump Warns BRICS Over Moving Away From USD
MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
(M0) Watching Support *RES 4: 112......>
SCHATZ TECHS: (M0) Watching Support
*RES 4: 112 413 50.0% retracement of the Mar 9 - 25 sell-off
*RES 3: 112.400 High May 4
*RES 2: 112.370 High May 11
*RES 1: 112.270 High May 14
*PRICE: 112.235 @ 04:48 BST May 15
*SUP 1: 112.180 Low May 12
*SUP 2: 112.175 Low Mar 30
*SUP 3: 112.145 Low Mar 29
*SUP 4: 112.090 Low Apr 28
Schatz traded lower earlier this week but managed to recover off 112.180 Tuesday
leaving support at 112.175, Mar 30 low intact. Despite the recent pullback, the
outlook remains bullish. Futures traded higher Apr 30 resulting in a break of
112.270, Apr 30 high. This confirmed a bullish theme and a positive price
sequence of higher highs and higher lows. Attention is on a climb towards the
bull trigger at 112.400, May 4 high. A break of 112.175 would be bearish.
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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.