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Free Access(M18) 112.460 Posted Before Seeing A...>
SCHATZ TECHS: (M18) 112.460 Posted Before Seeing A Pullback
*RES 4: 112.510 76.4% Fibo of 112.750-111.720
*RES 3: 112.460 Intraday high
*RES 2: 112.400 Hourly resistance (2)
*RES 1: 112.380 Hourly resistance (1)
*PRICE: 112.340 @1533GMT
*SUP 1: 112.280 Hourly support
*SUP 2: 112.260 Initial intraday recovery high
*SUP 3: 112.220 Intraday hourly base
*SUP 4: 112.170 Intraday low
*COMMENTARY* Finally found a top at 112.460 today, before pulling back to
112.220, in order to reduce the near term overbought conditions. Now looking at
112.380-112.400 for initial resistance and the barrier to 112.460 return. Any
higher and the 76.4% Fibo retrace level at 112.510 comes into sight. In the
interim, look to 112.280-112.260 for support ahead of that 112.220 level again,
beneath which rests the day's 112.170 low.
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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.