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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Approaching resistance *RES 4:....>
EUROSTOXX50 TECHS: Approaching resistance
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3587.16 16.18 projection of Aug 15 - 22 rally from Aug 26 low
*RES 2: 3573.57 High Jul 25 and key resistance
*RES 1: 3555.10 High Sep 12
*PRICE: 3538.86 @ Close Sep 12
*SUP 1: 3512.59 Low Sep 12
*SUP 2: 3479.58 Low Sep 10
*SUP 3: 3453.99 Low Sep 5
*SUP 4: 3406.55 Low Sep 3 and key near-term support
EUROSTOXX50 pushed higher again yesterday and is approaching the key objective
and key resistance at 3573.57, Jul 25 high. A break would open 3596.20, May 18,
2018 high. Note, 3515.15 marks the Apr 24 high. Since this date, a trend
extension above the high and the 3550.00 level has not materialised. A failure
to again hold current highs would be a warning to bulls. For now though, with
3501.68 support intact, the focus is on price gains.
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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.