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Why MNI
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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.
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Free AccessHolds Above 200-dma
- RES 4: 3498.07 76.4% retracement of the Feb - Mar sell-off
- RES 3: 3451.16 High Jul 21 and the bull trigger
- RES 2: 3404.56 4.0% 10-dma envelope
- RES 1: 3377.44 High Aug 12
- PRICE: 3342.85 @ Close Aug 13
- SUP 1: 3174.38 Low Jul 30
- SUP 2: 3149.67 Low Jun 25
- SUP 3: 3054.11 Low Jun 15
- SUP 4: 3012.50 38.2% retracement of the Mar - Jul rally
EUROSTOXX 50 extended the sharp rebound into the Wednesday close to secure a close back above the 200-dma. This unlocks the next leg higher for the index to initially target 3451.16, the cycle recovery high and bull trigger. The sell-off from 3451.16, Jul 21 high has now concluded, further adding to the bullish case.
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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.