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Free Access(Z17) Immediate Focus On 112.305.......>
SCHATZ TECHS: (Z17) Immediate Focus On 112.305
*RES 4: 112.440 Low Feb 28 now resistance
*RES 3: 112.410 Highs Mar 7 & 8
*RES 2: 112.305 Low Mar 7 now resistance
*RES 1: 112.260 High Sept 5
*PREVIOUS CLOSE: 112.260
*SUP 1: 112.250 Hourly support Sept 5
*SUP 2: 112.230 Breakout level Sept 5
*SUP 3: 112.210 Hourly support Sept 5a
*SUP 4: 112.195 Low Sept 5
*COMMENTARY: Bulls continue to dominate with the Bollinger top (112.234) the key
concern. Immediate bullish focus has shifted to 112.305 and then 112.410-440 on
a close above. Layers of support add to the bullish case. Bears now look for a
close below 112.230 to ease bullish pressure and below 112.175 to shift initial
pressure back to 112.090-135 where the 21-DMA (112.096) is situated. Below
112.090 is needed to end bullish hopes and target 111.945-112.015.
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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.