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Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
MNI BRIEF: China Sees Progress On EU EV Deal
(U17) Double Daily Top, 112.100-130....>
SCHATZ TECHS: (U17) Double Daily Top, 112.100-130 Support Key
*RES 4: 112.230 Monthly High June 12
*RES 3: 112.200 Bollinger band top
*RES 2: 112.190 High Aug 11 & 14
*RES 1: 112.165 Hourly resistance Aug 15
*PREVIOUS CLOSE: 112.160
*SUP 1: 112.140 21-WMA
*SUP 2: 112.130 High Aug 1
*SUP 3: 112.100 Hourly support Aug 9, Bull channel base
*SUP 4: 112.070 21-DMA
*COMMENTARY: Topside hesitation left a double daily top in place as resistance
layers begin to accumulate. The Bollinger top remains the key concern having
recently limited follow through. Bears look for a close below 112.130 to confirm
an easing of bullish pressure and below 112.100 to shift focus back to
112.020-070 where key DMAs are situated. Bulls now need a close above 112.190
ease pressure on support layers and retain focus on 112.230 June highs.
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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.