Free Trial

Rally Moves Toward The..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Moves Toward The Equality Rise Target At Stg0.9310
*RES 4: Stg0.9402 Oct 6 high
*RES 3: Stg0.9376 2% volatility band
*RES 2: Stg0.9368 7 week bull channel top projection
*RES 1: Stg0.9310 Equality rise from 0.8743 to 0.8313-0.8880
*PRICE: Stg0.9293 @1610GMT
*SUP 1: Stg0.9260/70 Hourly support
*SUP 2: Stg0.9230/35 Aug 28 low, Aug 24 high
*SUP 3: Stg0.9215 Hourly congestion Aug 24-25
*SUP 4: Stg0.9190 Aug 24 low
*COMMENTARY* Now trying to sustain a break above both the upper 1% volatility
band at Stg0.9284 and the 4 month bull channel top at Stg0.9290. Next target on
the upside becomes the equality rise target at Stg0.9310. In the interim, look
to Stg0.9260-70 for initial support, the Stg0.9230-35 area below but only a loss
of Stg0.9215-Stg0.9190 will caution. Directly above Stg0.9310 and not much
showing until Stg0.9368-Stg0.9376.

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.