Free Trial

(Z18) O/B Daily Studies Correcting,...>

EURIBOR TECHS: (Z18) O/B Daily Studies Correcting, 100.285 Support Key
*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
*SUP 1: 100.295 - Repeated daily lows Mar
*SUP 2: 100.290 - Highs Mar 13 & 14 now support
*SUP 3: 100.285 - Low Mar 15
*SUP 4: 100.275 - High Mar 7 now support
*COMMENTARY: Continued hesitation around 2018 highs has taken its toll with the
contract testing initial support this week. In saying that, bears continue to
look for a close below 100.285 to gain breathing room and below 100.275 to
pressure DMAs 100.267-271 where 55 & 100-DMAs are located. Bulls continue to
look for a close above 100.305 to reconfirm bullish momentum and initially
target 100.320-340.

To read the full story



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.