Free Trial
SOY TECHS

(N2) Trend Outlook Remains Bullish

FED

StL Fed President Bullard

COPPER TECHS

(N2) Approaching The 20-Day EMA

US TSYS

Repo Reference Rates

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 Access

(H2) Key S/T Support Remains Intact

EUROSTOXX50 TECHS
  • RES 4: 4426.80 1.382 proj of the Nov 30 - Dec 8 - 20 price swing
  • RES 3: 4400.00 Round number resistance
  • RES 2: 4392.50 High Nov 18 and key resistance
  • RES 1: 4324.50/81.50 High Jan 13 / High Jan 5 and the bull trigger
  • PRICE: 4273.50 @ 05:39 GMT Jan 18
  • SUP 1: 4234.40/4216.50 50-day EMA / Low Jan 10 and key support
  • SUP 2: 4161.80 61.8% retracement of the Dec 20 - Jan 5 rally
  • SUP 2: 4109.90 76.4% retracement of the Dec 20 - Jan 5 rally
  • SUP 4: 4026.00 Low Dec 20

The sell-off between Jan 5 - 10 in the EUROSTOXX 50 contract is still considered corrective and bullish conditions remain intact following the Dec 20 - Jan 5 rally. The contract has also recently found support at the 50-day EMA - the EMA intersects at 4234.40 today. A resumption of gains would refocus attention on key resistance at 4392.50. Key support to watch is unchanged at 4216.50, the Jan 10 low. A break would be bearish.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.