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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.
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Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
Bearish Onslaught *RES 4:.........>
EUROSTOXX50 TECHS: Bearish Onslaught
*RES 4: 3347.83 High Mar 6
*RES 3: 3214.20 High Mar 9
*RES 2: 3088.57 High Mar 10
*RES 1: 2883.25 High Mar 12
*PRICE: 2545.23 @ Close Mar 12
*SUP 1: 2535.89 Low Mar 12
*SUP 2: 2525.25 Trendline support drawn off the 2009 low
*SUP 3: 2494.54 Low Jun 2013
*SUP 4: 2427.32 Low Nov 2012
EUROSTOXX 50 traded sharply lower again yesterday as equity markets in general
faced a bearish onslaught. The index has retraced the entire bullish phase that
prevailed between late Dec 2018 and the Feb high of this year. The focus is now
on a key long-term trendline support area at 2525.25. The trendline is drawn off
the 2009 low. A break would add additional weight to an already very bearish
outlook. Yesterday's high of 2883.25 marks initial resistance.
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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.