Free Trial

Bulls Target New YTD Highs .......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Target New YTD Highs 
*RES 4: 3687.22 High Jan 23, 2018 
*RES 3: 3596.20 High May 18 
*RES 2: 3536.87 High Jul 31 
*RES 1: 3515.15 High Apr 24 
*PRICE: 3514.62 @ Close Apr 30 
*SUP 1: 3412.95/3440.00 Low Apr 11/uptrend support from Dec low 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/327840/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx continues to close above the 3500 level keeping the focus squarely on
the April 24 high at 3515.15. A break above here is needed to reignite upside
momentum towards the July 31 high at 3536.87 ahead of the May 18 high at
3596.20. Bears need to take out uptrend support from the Dec lows at 3440.00
ahead of the April 11 low at 3412.95. Below here would open the April 1 low at
3353.67 ahead of the key 200-dma support area.

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.