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Estoxx through the high on the PMI beat

EQUITIES

Estoxx sees further upside traction on the French and German PMI beat.

  • Also supporting factor sees hope of a Brexit deal and US stimulus.
  • Next MNI tech resistance comes at 3557.39 High Dec 9 and the bull trigger
  • EURUSD is through resistance at 1.2184 1.382 proj of the Nov 4 - 9 rally from the Nov 11 low, and now targets 1.2222 1.500 proj of the Nov 4 - 9 rally from the Nov 11 low
  • Bund support is seen at 177.86/77 20-day EMA / Low Dec 10 and key S/T support

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