Free Trial
BTP

Block trade

OPTIONS

Larger FX Option Pipeline

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

Needle Still Points North

EUROSTOXX50 TECHS
  • RES 4: 4110.24 High Jan 18, 2008
  • RES 3: 4000.00 Psychological round number
  • RES 2: 3987.14 2.00 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 1: 3929.49 High Mar 30
  • PRICE: 3919.21 @ Close Mar 31
  • SUP 1: 3841.46 Low Mar 26
  • SUP 2: 3784.09 Low Mar 25 and key support
  • SUP 3: 3742.53 High Feb 15 and recent breakout level
  • SUP 4: 3733.06 50-day EMA

EUROSTOXX 50 traded higher Tuesday, registering a fresh trend high print of 3929.49. The outlook remains bullish and this week's gains confirm a resumption of the uptrend and extends the bullish price sequence of higher highs and higher lows. This signals scope for a climb to 3987.14 next, a Fibonacci projection. On the downside, key support has been defined at 3784.09, Mar 25 low. A break is required to signal a potential short-term top.

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.