Free Trial

Bullish Recovery Extends *RES.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Recovery Extends
*RES 4: 3269.66 61.8% retracement of the Feb - Mar sell-off
*RES 3: 3214.20 High Mar 9
*RES 2: 3200.00 Round number resistance
*RES 1: 3102.96 High May 27
*PRICE: 3094.47 @ Close May 28
*SUP 1: 2978.53 Low May 26
*SUP 2: 2854.07 Low May 22 and key near-term support
*SUP 3: 2800.07 Low May 18
*SUP 4: 2708.07 Low May 14 and bear trigger
EUROSTOXX 50 traded higher this week clearing key resistance at 3023.83, Apr 30
high Wednesday to confirm a resumption of the uptrend that has been in place
since the Mar 16 low. The break higher paves the way for strength towards the
3200 handle next and 3214.20, Mar 9 high. Momentum studies are firm reinforcing
bullish conditions. Key near-term support lies at 2854.07, May 22 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.