Free Trial
MNI EXCLUSIVE

Australia inflation drivers

RIKSBANK

MNI Riksbank Preview

US EURODLR FUTURES

Eurodollar sellers

SOUTH AFRICA

SAGBs Pause For Breath Ahead of Freedom Day Holiday

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

Holding Above The 20-day EMA

EUROSTOXX50 TECHS
  • RES 4: 3926.56 1.764 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 3: 3900.30 High May 2008
  • RES 2: 3889.08 1.618 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 1: 3874.91 High Mar 18 and the bull trigger
  • PRICE: 3832.55 @ Close Mar 24
  • SUP 1: 3803.84 Low Mar 23
  • SUP 2: 3791.21 20-day EMA
  • SUP 3: 3742.53 High Feb 15 and recent breakout level
  • SUP 4: 3702.81 50-day EMA

EUROSTOXX 50 remains below recent highs. Short-term retracements however are considered corrective with bullish conditions intact. The breach on Mar 8 of 3742.53, Feb 15 high confirmed a resumption of the uptrend. This also maintains the bullish price sequence of higher highs and higher lows. The focus is on 3889.08 next, a Fibonacci projection. The next firm support area is seen at the 20-day EMA. It intersects at 3791.21.

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.