Free Trial

Looking at charts this morning....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Looking at charts this morning following yesterday's panic
sell-off highlights a potential easing of risk aversion (for now at least). Some
key levels were tested yesterday. One chart of interest is EUROSTOXX50 that was
also covered yesterday:
- The index tested and breached its key trendline support yesterday drawn off
the Aug 15 low. This market has rebounded today and the conclusion for now is
that yesterday's move lower was a false break.
- Yesterday's low of 3734.06 is now seen as a key risk parameter for bulls. A
break would confirm a breach of the trendline. Until then, a bullish focus
remains in place.

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.