Technical forecast for Schatz

Schatz above 110.46 meets resistance at 110.49. This should be a challenge & could mark the high for the day. However on a break higher look for another selling opportunity at 110.54/55.

Support at 110.42/41 only just held the downside & could do so again today. However on a break lower look for 110.37/36. Failure here then risks a slide to good support at 110.29/28 for a buying opportunity.