Free Trial

Breaches Resistance *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Breaches Resistance
*RES 4: 3618.43 Bull channel top drawn off the Mar 16 low
*RES 3: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 2: 3448.24 High Mar 3
*RES 1: 3399.71 High Jul 15
*PRICE: 3378.21 @ Close Jul 15
*SUP 1: 3241.29 Low Jul 10
*SUP 2: 3188.49/181.12 50-day EMA / Low Jul 1
*SUP 3: 3152.83 Bull channel base drawn off the Mar 16 low
*SUP 4: 3149.67 Low Jun 25
EUROSTOXX 50 traded higher yesterday and managed to breach resistance at
3375.70, Jul 6 high. This reinforces current bullish conditions and paves the
way for strength towards 3394.90, Jun 8 high that also represents the key bull
trigger. A break would confirm a resumption of the uptrend that has been in
place since reversing on Jun 16. Initial key support has been defined at
3241.29, Jul 10 low.

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.