Free Trial

2900-3000 Range After falling.....>

EUROSTOXX50 TECHS: 2900-3000 Range
After falling through most of December, the 2908.70-3007.53 range has contained
Eurostoxx over the past few sessions. Bulls need to recover the 3000 level as
well as the Dec 10 low at 3007.53, which has acted as resistance in recent days.
Above here lies the 3100 pivot area and a close above here would shift the
outlook neutral. On the downside the Dec 27 low at 2908.70 needs to be broken to
bring the focus to the Aug 2016 low at 2892.52.

To read the full story



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.