Free Trial
OPTIONS

Larger FX Option Pipeline

PIPELINE

UAE 2Pt Size Set: $1.75B

STIR

Huge SOFR Conversion Spd

GLOBAL POLITICAL RISK

Xi Treads Line Between Russia And West AT BRICS Summit

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

(M2) Clears Support

EUROSTOXX50 TECHS
  • RES 4: 4072.00 High Feb 16
  • RES 3: 3944.00 High Mar 29 and a key resistance
  • RES 2: 3775.00/3883.00 High Jun 5 / High Apr 21
  • RES 1: 3714.20 20-day EMA
  • PRICE: 3560.00 @ 05:45 BST May 9
  • SUP 1: 3544.00 Intraday low
  • SUP 2: 3523.00 Low Mar 11
  • SUP 3: 3458.90 76.4% retracement of the Mar 7 - 29 rally
  • SUP 4: 3400.00 Round number support

EUROSTOXX 50 futures remain in a bear mode. The contract has traded through fromer support at 3608.00, Apr 27 low to highlight a resumption of the current bear cycle. This sets the scene for an extension lower and opens 3523.00 next, the Mar 11 low and 3458.90, a Fibonacci retracement. On the upside, firm resistance has been defined at 3775.00, Jun 5 high. A break of this level would alter the picture.

133 words

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.
  • RES 4: 4072.00 High Feb 16
  • RES 3: 3944.00 High Mar 29 and a key resistance
  • RES 2: 3775.00/3883.00 High Jun 5 / High Apr 21
  • RES 1: 3714.20 20-day EMA
  • PRICE: 3560.00 @ 05:45 BST May 9
  • SUP 1: 3544.00 Intraday low
  • SUP 2: 3523.00 Low Mar 11
  • SUP 3: 3458.90 76.4% retracement of the Mar 7 - 29 rally
  • SUP 4: 3400.00 Round number support

EUROSTOXX 50 futures remain in a bear mode. The contract has traded through fromer support at 3608.00, Apr 27 low to highlight a resumption of the current bear cycle. This sets the scene for an extension lower and opens 3523.00 next, the Mar 11 low and 3458.90, a Fibonacci retracement. On the upside, firm resistance has been defined at 3775.00, Jun 5 high. A break of this level would alter the picture.