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Free Access(U18) 112.155 Resistance Remains Key...>
SCHATZ TECHS: (U18) 112.155 Resistance Remains Key Today
*RES 4: 112.270 High May 30
*RES 3: 112.199 Bollinger band top
*RES 2: 112.155 Hourly resistance May 30
*RES 1: 112.135 High June 21
*PREVIOUS CLOSE: 112.105
*SUP 1: 112.055 Hourly support June 21
*SUP 2: 111.975 Hourly support June 14
*SUP 3: 111.940 High June 13 now support
*SUP 4: 111.865 Low June 14
*COMMENTARY: Bulls take comfort in the closes above 112.065 with a close above
112.155 remaining needed to confirm a shift in focus back to 112.270-425 where
2018 highs are noted. Support layers building added to bullish confidence. Bears
still need a close below 112.055 to gain breathing room and below 111.940 to
shift focus back to 111.815-868 where 55 (111.868) & 100 (111.832) DMAs are
noted.
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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.