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(Z0) Rebounds And Opens Key Resistance

EURO-STERLING TECHS
  • RES 4: 135.730 1.500 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 3: 135.660 1.382 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 2: 135.410 1.000 proj of Sep 1 - Sep 9 rally from Sep 10 low
  • RES 1: 135.370 High Sep 21 and Oct 5 and the bull trigger
  • PRICE: 135.080 @ 04:30 BST Oct 8
  • SUP 1: 135.030 Low Oct 6
  • SUP 2: 134.900 Low Sep 11 and 17
  • SUP 3: 134.760 Low Sep 11 and key support
  • SUP 4: 134.610 Low Sep 1 and the major support
BOBL futures have rebounded off Wednesday low of 135.030 to ease recent bearish pressure. The move higher refocuses attention on the key resistance that has recently been defined at 135.370. A breach would negate recent bearish concerns and instead confirm a resumption of the uptrend that has dominated since early September. A break higher would open 134.410, a Fibonacci projection. 135.030 marks the key short-term support.

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