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Free AccessEUROSTOXX50 TECHS: Set to.........>
EUROSTOXX50 TECHS: EUROSTOXX50 TECHS: Set to extend gains
*RES 4: 3600.00 Round number resistance
*RES 3: 3582.85 Bull channel top drawn off the Jun 3 low
*RES 2: 3536.87 High Jul 31, 2018
*RES 1: 3519.98 High Jul 1
*PRICE: 3507.98 @ Close Jul 2
*SUP 1: 3424.68 Low Jun 27 and key trend support
*SUP 2: 3418.18 High Jun 11
*SUP 3: 3397.52 50-day EMA
*SUP 4: 3363.07 Jun 14 low
EUROSTOXX50 gains on Monday resulted in a break of the Jun 21 high of 3496.79,
marking a resumption of the uptrend. Bulls remain firmly in charge. From a
candle pattern perspective, the combination of a doji pattern last Thursday and
a bullish engulfing reversal on Friday, signalled an end to the recent
corrective pullback. This weeks gains have confirmed this. The focus now turns
to the bull channel top currently at 3582.85. Key support lies at 3424.68.
To read the full story
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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.