Free Trial

21/55-DMAs Mark Resistance and....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 21/55-DMAs Mark Resistance and Support
*RES 4: 3596.20 High May 18, 2018 
*RES 3: 3536.87 High Jul 31, 2018 
*RES 2: 3515.15 High Apr 24 
*RES 1: 3448.89 21-dma 
*PRICE: 3425.64 @ Close May 17 
*SUP 1: 3398.14 55-dma 
*SUP 2: 3311.17 Low May 13 
*SUP 3: 3281.79/3273.63/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3211.92 50% retracement 
Eurostoxx continues to trade between the 21 and 55-dmas keeping the near term
outlook neutral. An upside break would open the April 24 ytd highs at 3515.15
ahead of the July 31, 2018 high at 3536.87. On the other hand a downside break
would put the focus back on the May 13 low at 3311.17. Below which would bring
the March 25 low, 200-dma, and March 8 low at 3281.79/3273.63/3273.68 back into
play.

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.