Free Trial

Key Resistance Layers Capping ....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Key Resistance Layers Capping 
*RES 4: 3517.69 55-DMA 
*RES 3: 3509.85 Alternating hourly support/resistance 
*RES 2: 3490.49 Alternating daily support/resistance 
*RES 1: 3474.71 Hourly resistance July 9
*PREVIOUS CLOSE: 3468.45
*SUP 1: 3452.74 Low Aug 9 
*SUP 2: 3438.15 Low Aug 4 
*SUP 3: 3431.19 Low July 24 
*SUP 4: 3407.33 Monthly Low Apr 19
*COMMENTARY: Layers of resistance 3517.69-3555.37 where key DMAs and the bear
channel top are located have again capped attempts to break higher with bulls
needing a close above 3555.37 to confirm a bullish bias and initially target
3615.06 with overall focus on 2017 highs. Focus has again returned to the
3431.19-3438.15 support region. Bears need a close below 3431.19 to confirm
focus on 3471.42-3390.04 where the 200-DMA (3377.79) is situated.

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.