Free Trial

21/55-DMAs Holding For Now .......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 21/55-DMAs Holding For Now 
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3486.31 High August 10 
*PREVIOUS CLOSE: 3456.13
*SUP 1: 3404.87 Low August 22 
*SUP 2: 3349.14 Low August 15 
*SUP 3: 3340.85 Low June 27 
*SUP 4: 3331.53 200-WMA 
A late-day rally allowed the 21 and 55-dmas to remain intact keeping the focus
to the upside for Eurostoxx 50. The Aug 10 high of 3486.31 remains the focus for
the bulls, a break of which would bring down trendline support from the Jan peak
into play. Failure to hold above the 21 and 55-dmas would allow bears to eye the
Aug 22 low at 3404.87, and below here would shift the focus back to the Aug 15
low and beyond.

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.