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Free Access(Z17) 112.110-171 Resistance Region....>
SCHATZ TECHS: (Z17) 112.110-171 Resistance Region Key
*RES 4: 112.205 High Sept 14
*RES 3: 112.171 21-DMA
*RES 2: 112.145 High Sept 19
*RES 1: 112.110 Hourly support Sept 20 now resistance
*PREVIOUS CLOSE: 112.095
*SUP 1: 112.080 Bollinger band base
*SUP 2: 112.070 Low Sept 20
*SUP 3: 112.017 55-DMA
*SUP 4: 112.015 Low Aug 17
*COMMENTARY: Bears took comfort in a close below the 21-DMA Friday that shifted
focus lower with bears now targeting 112.015-017 where the 55-DMA is noted. The
Bolli base is the key concern for bears and limits follow through. Layers of
resistance are weighing and adding to bearish confidence. Bull now need a close
above 112.110 to ease immediate bearish pressure and above the 21-DMA to shift
focus back to 112.277-285 where the 100-DMA and Sept highs 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.