Free Trial

(Z18) Bulls Need Close Above 21-DMA...>

EURIBOR TECHS
EURIBOR TECHS: (Z18) Bulls Need Close Above 21-DMA
*RES 4: 100.320 - Repeated Daily highs Dec 
*RES 3: 100.310 - 2018 High Repeatedly May 
*RES 2: 100.305 - Repeated daily lows Apr/May now resistance 
*RES 1: 100.296 - 21-DMA
*PREVIOUS CLOSE: 100.285
*SUP 1: 100.276 - 100-DMA
*SUP 2: 100.275 - High Mar 7 now support
*SUP 3: 100.265 - Repeated daily lows Mar
*SUP 4: 100.257 - 200-DMA
*COMMENTARY: The correction lower from recent 2018 highs has resulted in closes
below the 55-DMA (100.295) and the daily bull channel base off 2018 lows.
Immediate focus remains on 100.275 with a close below needed to target the
200-DMA. Bulls still need a close above the 21-DMA to ease bearish pressure and
above 100.310 to reconfirm focus on 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.