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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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Free AccessCorrective Bounce
- RES 4: 3217.96 High Oct 23 and the near term key resistance
- RES 3: 3193.91 50-day EMA
- RES 2: 3135.48 Low Oct 22
- RES 1: 3058.86 High Oct 28
- PRICE: 3091.54 @ Close Nov 2
- SUP 1: 2920.87 Low Oct 29
- SUP 2: 2912.96 Low May 25
- SUP 3: 2877.00 50.0% retracement of the Mar - Jul uptrend
- SUP 4: 2854.07 Low May 22
Despite yesterday's gains, the EUROSTOXX 50 outlook remains bearish following last week's sell-off. The index cleared a key support on Oct 28 at 3064.10, the base of a bear channel drawn off the Jul 21 low. This followed a breach on Oct 27 of key support at 3097.67, Sep 25 low. The focus is on 2877.00 next, 50% retracement of the Mar - Jul rally. Initial resistance is at 3058.86, Oct 28 high and just above the former channel base.
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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.