Free Trial

Finds Support Ahead Of The........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Finds Support Ahead Of The Trendline
*RES 4: 3836.28 High Apr 13, 2015 and key resistance
*RES 3: 3820.82 2.00 projection of the Dec 3 - Dec 6 rally from Dec 10 low
*RES 2: 3816.32 High Apr 15, 2015
*RES 1: 3813.80 High Jan 17 and bull trigger
*PRICE: 3789.12 @ Close Jan 21
*SUP 1: 3745.47 Low Jan 14
*SUP 2: 3744.85 Trendline support drawn off the Aug 15 low
*SUP 3: 3732.90 Low Jan 8
*SUP 4: 3710.94 Low Jan 6 and key support
EUROSTOXX50 uptrend remains intact and yesterday's pullback managed to find
support once again ahead of the key trendline support drawn off the Aug 15 low.
The trendline intersects at 3744.85 where a break is required to signal a
reversal of the current 5-month uptrend. Until then, the outlook remains bullish
and the focus is on 3816.32 and 3836.28, the Apr 15 and Apr 13, 2015 highs
respectively. The bull trigger is 3813.80.

To read the full story

Close

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.