Three-month Euribor futures
- Created:
- 17 March 2008
- Written by:
- Dominic Picarda
Further highs for the Euribor interest-rate futures seem in store before long.
Momentum has almost fully unwound from recent overbought levels. It has good support from the daily Ichimoku cloud, as well as from the shorter-term moving averages. Once it breaks through resistance at 96.337, targets include 96.71 and 97.57. A near-term close below 95.89 would force a rethink.
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