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Free AccessBulls In Control *RES 4:..........>
EUROSTOXX50 TECHS: Bulls In Control
*RES 4: 3816.32 High Apr 15, 2015
*RES 3: 3801.38 High Apr 16, 2015
*RES 2: 3782.29 High Apr 27, 2015
*RES 1: 3765.70 High Dec 13
*PRICE: 3731.07 @ Close Dec 13
*SUP 1: 3692.71 High Dec 12
*SUP 2: 3659.53 Low Dec 11
*SUP 3: 3635.52/3625.00 Trendline drawn off the Aug 15 low / Low Dec 10
*SUP 4: 3594.80 Low Dec 3 and bear trigger
EUROSTOXX50 rallied to a fresh trend high Friday clearing the former key
resistance of 3733.45, Nov 19 high. This confirms a resumption of the uptrend
that has been in place since mid-August. Price did stall at Friday's high and
resistance forced a pull back. A break above the high at 3765.70 would further
reinforce bullish conditions with scope seen for a climb towards 3782.29 and
3802.38, levels last traded in April 2015. Initial support is at 3720.65.
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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.