Free Trial

3500 Recovered, New Highs In......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3500 Recovered, New Highs In Sight
*RES 4: 3687.22 High Jan 23, 2018 
*RES 3: 3596.20 High May 18 
*RES 2: 3536.87 High Jul 31 
*RES 1: 3515.15 High Apr 24 
*PRICE: 3500.41 @ Close Apr 26 
*SUP 1: 3412.95/3440.00 Low Apr 11/uptrend support from Dec low 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/3277.70/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx recovered the 3500 level on Friday to return the focus back to
Wednesday's high at 3515.15 to reignite upside momentum towards the July 31 high
at 3536.87. Above here would open the May 18 high at 3596.20. Bears need to take
out uptrend support from the Dec lows at 3422.00 ahead of the April 11 low at
3412.95. Below here would open the April 1 low at 3353.67 ahead of the key
200-dma support area.

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.