Free Trial

Focus is on the 3500 level *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus is on the 3500 level
*RES 4: 3515.15 High Apr 24 and major resistance
*RES 3: 3487.54 Jun 5 high
*RES 2: 3482.72 Bull trend channel top drawn off the Jun 3 low
*RES 1: 3458.91 High Jun 18
*PRICE: 3454.70 @ Close June 19
*SUP 1: 3418.18 High Jun 11
*SUP 2: 3377.63 Trendline support drawn off the Jun 3 low
*SUP 3: 3363.07 Jun 14 low and key trend support
*SUP 4: 3341.33 Jun 7 low
EUROSTOXX50 trend conditions remain bullish again this week following Tuesday's
strong gains. With momentum studies trending higher too, and Tuesday's candle
pattern a confirmed standard line (continuation pattern), further gains are
anticipated. The focus is now on the 3500 level. On the downside, initial
support lies at 3418.18 and below that key trend support is at 3363.07.

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.