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(U17) 112.230 Break Suggests Scope.....>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.230 Break Suggests Scope For 112.290-112.300 Next
*RES 4: 112.390 61.8% Fibo of 112.750-111.810
*RES 3: 112.300 0.1% volatility band
*RES 2: 112.290 May 29 high
*RES 1: 112.250 Intraday high
*PRICE: 112.250 @1500GMT
*SUP 1: 112.160/170 Hourly support
*SUP 2: 112.130/140 Aug 1, 2 highs, Aug 16, 17 & 18 lows
*SUP 3: 112.090 Congestion area Aug 3-Aug 8
*SUP 4: 112.060 Aug 7, Aug 8 lows
*COMMENTARY* The break above 112.190 resistance has seen a run at and challenge
to, the Jun 12 high at 112.230, which also happens to be the swing target of the
recent 112.190-112.130 consolidation. A slight move higher to 112.25 now. As a
result, support moves up to 112.160-112.170 and this currently offers protection
to the base of that consolidation area. Through 112.250 and not much currently
evident until 112.290-112.300.

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