Technical analysis: Euribor Futures
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Euribor – March 2010
Thu, Nov 5 2009, 08:25 GMT
by Nicole Elliott
Mizuho Corporate Bank | View company's profile
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Comment: Slow work but Euribor contracts are trading higher, propelled by trendline and Ichimoku cloud support, the Lagging Span helped up by the 26-day moving average. Price action since September looks increasingly like ‘triangle’ consolidation and, being a continuation pattern, hints at a break to new contract highs this month – helped along by moving averages which have turned bullish. Central bankers will probably do anything to avoid the merest whiff of year-end pressures as seen in 2007 and to a lesser extent in 2008.
Strategy: Attempt small longs at 99.075/99.025; stop well below 99.000. Add to longs on a sustained break above 99.165 for 99.250/99.320 medium term.
Published on
Thu, Nov 5 2009, 08:28 GMT
Archive
- Euribor – December 2010
Published On Thu, Feb 18 2010, 09:35 GMT
- Euribor – June 2010
Published On Thu, Feb 11 2010, 10:22 GMT
- Euribor – June 2010
Published On Thu, Feb 4 2010, 08:59 GMT
- Euribor – June 2010
Published On Thu, Jan 28 2010, 08:42 GMT
- Euribor – June 2010
Published On Thu, Jan 21 2010, 08:58 GMT
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