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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.
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EUROSTOXX50 TECHS: (U4) Bullish Outlook
- RES 4: 5087.00 High Jul 12
- RES 3: 4997.00 High Jul 17
- RES 2: 4951.00 High Jul 31 and a key near-term resistance
- RES 1: 4947.00 High Aug 28
- PRICE: 492.00 @ 06:15 BST Aug 29
- SUP 1: 4854.57 20-day EMA
- SUP 2: 4742.00 Low Aug 15
- SUP 3: 4665.00/4494.00 Low Aug 9 / 5 and the bear trigger
- SUP 4: 4478.81 2.236 proj of the Jun 6 - 14 - Jul 12 price swing
Eurostoxx 50 futures are holding on to their latest gains. The contract has recently pierced the 50-day EMA, at 4877.69. An extension higher would undermine the recent bearish theme and highlight a stronger reversal. Sights are on 4951.00 next, the Jul 31 high. For bears, a reversal lower would refocus attention on the bear trigger at 4494.00, the Aug 5 low. Initial support lies at 4854.57, the 20-day EMA.
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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.