© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
EGB OPTIONS

Latest Bund option

OIL

Gasoil Lowest Backwardation Since Jan

CANADA

GoC New Post-1990 Lows For 2s10s

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

EUROSTOXX50 TECHS: (U2) Heading North

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical Analysismarkets-real-timeEquitiesBulletMarketsFixed IncomeForeign Exchange
  • RES 4: 3840.00 High Jun 6
  • RES 3: 3774.00 High Jun 9
  • RES 2: 3722.70 76.4% retracement of the Jun 6 - Jul 5 downleg
  • RES 1: 3689.00 High Jun 10
  • PRICE: 3663.00 @ 05:52 BST Jul 29
  • SUP 1: 3565.20/3467.00 50-day EMA / Low Jul 18 / 19
  • SUP 2: 3343.00 Low Jul 5 and the bear trigger
  • SUP 3: 3321.30 50.0% of the major 2020 - 2021 upleg (cont)
  • SUP 4: 3300.00 Round number support

EUROSTOXX 50 futures traded higher Thursday, marking an extension of Wednesday's gains that confirmed a bull flag on the daily chart and a resumption of the current uptrend. The short-term outlook remains bullish and the focus is on a recovery towards 3689.00 next, the Jun 10 high. The key support and bear trigger is unchanged at 3343.00, Jul 5 low. Initial firm support to watch lies at 3565.20, the 50-day EMA.

145 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 3840.00 High Jun 6
  • RES 3: 3774.00 High Jun 9
  • RES 2: 3722.70 76.4% retracement of the Jun 6 - Jul 5 downleg
  • RES 1: 3689.00 High Jun 10
  • PRICE: 3663.00 @ 05:52 BST Jul 29
  • SUP 1: 3565.20/3467.00 50-day EMA / Low Jul 18 / 19
  • SUP 2: 3343.00 Low Jul 5 and the bear trigger
  • SUP 3: 3321.30 50.0% of the major 2020 - 2021 upleg (cont)
  • SUP 4: 3300.00 Round number support

EUROSTOXX 50 futures traded higher Thursday, marking an extension of Wednesday's gains that confirmed a bull flag on the daily chart and a resumption of the current uptrend. The short-term outlook remains bullish and the focus is on a recovery towards 3689.00 next, the Jun 10 high. The key support and bear trigger is unchanged at 3343.00, Jul 5 low. Initial firm support to watch lies at 3565.20, the 50-day EMA.