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(U17) Rally Challenges Next Upside.....>

SCHATZ TECHS: (U17) Rally Challenges Next Upside Target At 112.230
*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: 112.230 Jun 12 high, 1.618 swing of 112.190-112.130
*PRICE: 112.220 @1028GMT
*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* Have now found the ability to break above 112.190 resistance. This
can provide the impetus for a run at the Jun 12 high at 112.230 next, which also
happens to be the swing target of the recent 112.190-112.130 consolidation. As a
result, support moves up to 112.160-112.170 and this currently offers protection
to the base of that consolidation area. Through 112.230 and not much currently
evident until 112.290-112.300.

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