Free Trial

Focus Returns To The Highs *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Returns To The Highs
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3463.03 High Aug 28 
*RES 1: 3453.02 High Apr 5 
*PRICE: 3435.34 @ Close Apr 11 
*SUP 1: 3399.93 Low Apr 3 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/3275.83/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx hit weekly lows on an intraday basis yesterday before recovering
losses to return the focus to last Friday's high at 3453.02. A break above here
would reignite upside momentum towards the Aug 28 high at 3463.03 ahead of the
July 31 high at 3536.87. On the downside initial support comes in at the April 3
low at 3399.93 ahead of the April 1 low at 3353.67. A break below here would
bring the 200-dma key support area back into focus.

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.