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Free Access(Z17) Focus Shifts To Sept High *RES...>
SCHATZ TECHS: (Z17) Focus Shifts To Sept High
*RES 4: 112.360 Monthly high Sept 5 (Cont)
*RES 3: 112.285 Monthly high Sept 8
*RES 2: 112.250 Low Sept 8 & 11 now resistance
*RES 1: 112.245 Daily Bull channel top
*PREVIOUS CLOSE: 112.235
*SUP 1: 112.230 Alternating hourly support/resistance
*SUP 2: 112.215 High Oct 5 now support
*SUP 3: 112.185 High Oct 10 now support
*SUP 4: 112.170 Hourly resistance Oct 12 now support
*COMMENTARY: Dips found support ahead of the 55-DMA (112.122) last week with
bulls taking comfort in a close above the key 112.230 resistance that sees
bullish focus back to 112.285 with a close above then targeting 112.360. Daily
studies have room to move before O/B becomes an issue. bears now need a close
below 112.215 to gain breathing room and below 112.185 to shift focus back to
112.105-122 where the 55-DMA is 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.