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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Bearish Theme Dominates *RES 4:...>
EUROSTOXX50 TECHS: Bearish Theme Dominates
*RES 4: 3795.33 High Jan 24
*RES 3: 3776.74 Former trendline resistance drawn off the Aug 15 low
*RES 2: 3754.63 High Jan 27
*RES 1: 3743.26 High Jan 29
*PRICE: 3690.78 @ Close Jan 30
*SUP 1: 3673.80 Low Jan 27
*SUP 2: 3659.53 Low Dec 11
*SUP 3: 3646.48 76.4% retracement of the Dec 3 - Jan 17 rally
*SUP 4: 3625.00 Low Dec 10
EUROSTOXX50 traded lower yesterday. We still view the move off Tuesday's low as
a correction. This week has seen price action confirm a break of key trendline
support drawn off the Aug 15 low highlighting a bearish backdrop and signalling
a trend reversal. Further weakness is likely with attention on 3625.00 on a
break of the recent 3671.74 low. The trendline intersects at 3776.74 marking a
key near-term resistance level.
To read the full story
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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.