Free Trial

(Z18) Above 200-DMA To Shift Focus....>

EURIBOR TECHS
EURIBOR TECHS: (Z18) Above 200-DMA To Shift Focus Higher
*RES 4: 100.284 - 21-DMA 
*RES 3: 100.277 - 100-DMA 
*RES 2: 100.259 - 200-DMA 
*RES 1: 100.250 - Low Feb 26 now resistance
*PREVIOUS CLOSE: 100.240
*SUP 1: 100.215 - Low May 30
*SUP 2: 100.190 - 2018 Low May 29
*SUP 3: 100.185 - Monthly Low Sept 28
*SUP 4: 100.175 - Repeated daily lows Aug
*COMMENTARY: Volatile trading continues but as daily studies correct from O/S
bulls take comfort in the bounce back to 100.250. Bulls now look for a close
above the 200-DMA to shift focus back to 100.275-295 where 21, 55 & 100-DMAs are
found. While the 200-DMA caps overall focus remains on the 100.175-185 support
region with a close below 100.215 now needed to add weight to the bearish case.

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.