Free Trial

3372.53-3419.01 Now Key Support...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3372.53-3419.01 Now Key Support
*RES 4: 3494.97 55-DMA 
*RES 3: 3480.46 Bollinger band top 
*RES 2: 3476.21 High Feb 27 
*RES 1: 3448.63 High Mar 16
*PREVIOUS CLOSE: 3437.40
*SUP 1: 3419.01 High Mar 15 now support 
*SUP 2: 3372.53 Hourly support Mar 7 
*SUP 3: 3337.39 Low Mar 7 
*SUP 4: 3306.66 2018 Low Feb 9
*COMMENTARY: The close above 3419.01sees bulls gain breathing room although
fresh highs for the week lacked follow through. Bulls now look for a close above
the 55-DMA to initially target 3523.28-3570.95 where 100 (3538.96) & 200
(3525.78) DMAs are located. The 3384.20-3419.01 support region is key this week.
Bears need a close below 3419.01 to ease bullish pressure and below 3372.53 to
return focus to 2018 lows (3280.36).

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.