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Free Access(Z17) Below 112.215 Targets............>
SCHATZ TECHS: (Z17) Below 112.215 Targets 112.130-165
*RES 4: 112.309 Daily Bull channel top
*RES 3: 112.305 Low Mar 7 now resistance
*RES 2: 112.285 High Sept 8, Bollinger band top
*RES 1: 112.260 Hourly resistance Sept 8
*PREVIOUS CLOSE: 112.245
*SUP 1: 112.230 Low Sept 8 & 11
*SUP 2: 112.215 Hourly resistance Sept 7 now support
*SUP 3: 112.195 Hourly resistance Sept 7a now support
*SUP 4: 112.185 Daily Bull channel base
*COMMENTARY: The daily bull channel top continues to cap with Friday's sell-off
less than ideal for bulls as the Bollinger top (112.285) limits follow through.
Bears look for a close below 112.215 to signal a correction back to 112.130-165
where the 21-DMA is located. Initial resistance is noted at 112.260 with bulls
needing a close above to ease pressure on 112.215 and retain focus on
112.305-345 where the bull channel top and 100-DMA are situated.
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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.