Free Trial

(Z18) Above 100.305 To Target.........>

EURIBOR TECHS
EURIBOR TECHS: (Z18) Above 100.305 To Target 100.320-340
*RES 4: 100.340 - High Oct 10 2016 
*RES 3: 100.325 - High Oct 19 2016, High Dec 15 
*RES 2: 100.320 - Repeated Daily highs Dec 
*RES 1: 100.305 - 2018 High Mar 27 & 28, Apr 6 & 9
*PREVIOUS CLOSE: 100.300
*SUP 1: 100.290 - Highs Mar 13 & 14 now support
*SUP 2: 100.285 - Low Mar 15
*SUP 3: 100.278 - 55-DMA
*SUP 4: 100.269 - 100-DMA
*COMMENTARY: Continued hesitation around 2018 highs has taken its toll with the
contract flirting with the 21-DMA (100.300). Bears continue to look for a close
below 100.285 to confirm an easing of bullish pressure. 55 & 100-DMAs are noted
100.269-278 with a close below the 100-DMA still needed to end bearish hopes and
to shift initial focus back to 100.250. Bulls need a close above 100.305 to
target 100.320-340.

To read the full story

Close

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.