Free Trial

Bullish Price Structure


Key Support Still Exposed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
SCHATZ TECHS: (U17) 112.130 Break Can Trigger Further 112.170-112.200 Rise
*RES 4: 112.230 Jun 12 high
*RES 3: 112.200 0.1% volatility band  
*RES 2: 112.170/180 Swing of 112.130-112.060, Jun 14 high
*RES 1: 112.130 76.4% Fibo of 112.230-111.81, Aug 1-2 highs
*PRICE: 112.120 @1544GMT
*SUP 1: 112.050/060 Hourly support, Aug 7 low
*SUP 2: 112.020 Jul 28 low
*SUP 3: 111.980 Jul 13 high, now support
*SUP 4: 111.910 Jul 19, 20 lows
*COMMENTARY* Resistance from the 61.8% Fibo retrace level at 112.070 has been
breached. With the subsequent move above 112.090 the next upside marker to note
is now situated at 112.130, where the 4 month falling resistance line also
resides today. Any higher and look to 112.170/112-180 next, ahead of the upper
0.1% volatility band at 112.200. In the meantime, support still from
112.060/112.020 while 112.130 caps.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.