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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.
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 AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Going Nowhere Fast *RES 3:........>
EUROSTOXX50 TECHS: Going Nowhere Fast
*RES 3: 3452.41 High Sep 27
*RES 2: 3422.34 High Mar 19
*RES 1: 3377.93 High Mar 22
*PRICE: 3320.94 @ Close Mar 28
*SUP 1: 3281.79/3274.91/3273.68 Low Mar 25/200-dma/Low Mar 8
*SUP 2: 3226.12/3215.04 38.2% retracement/High Feb 6
*SUP 3: 3175.71 Low Feb 15
Price action Thursday was particularly uninspiring and did little to change the
near-term technical picture. The 200-dma remains key support for Eurostoxx,
currently sitting at 3274.91 and bears need to break and close below here to
reignite any further downside momentum. But, for now, the outlook is more
neutral, with bulls initially targeting the Mar22 high at 3377.93 ahead of the
best levels of 2019 at 3422.34. Bears remain focused on Monday's low/March 8 low
at 3281.79/3273.68. Below here would add weight to the bearish reversal case and
open the 32.8% retracement/Feb 6 high at 3226.12/3215.04.
To read the full story
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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.