Free Trial

3582.07 & 3625.87 Levels Remain...>

EUROSTOXX50 TECHS: 3582.07 & 3625.87 Levels Remain Key 
*RES 4: 3666.80 2017 High May 8 
*RES 3: 3650.83 High May 11 
*RES 2: 3638.23 Bollinger band top 
*RES 1: 3625.87 High Oct 18
*SUP 1: 3610.36 Daily Bull channel base 
*SUP 2: 3597.97 21-DMA 
*SUP 3: 3582.07 Hourly resistance Sept 29 now support 
*SUP 4: 3556.50 Low Sept 28
*COMMENTARY: The 3625.87 resistance remains key and continues to cap providing
dips back towards the 21-DMA and daily bull channel base. Bears continue to look
for a close below 3582.07 to hint at a move back to 3506.61-3529.19 where 55 &
100-DMAs are noted. Bulls still need a close above 3625.87 to reconfirm the
bullish bias and target 2017 highs and then the daily bull channel top coming in
around 3710.90 today.

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.