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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Off Recent Highs *RES 4:..........>
EUROSTOXX50 TECHS: Off Recent Highs
*RES 4: 3553.05 High Feb 27
*RES 3: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 2: 3448.24 High Mar 3
*RES 1: 3394.90 High Jun 8 and the bull trigger
*PRICE: 3293.71 @ Close Jun 10
*SUP 1: 3281.92 Low Jun 5
*SUP 2: 3169.73 Low Jun 3
*SUP 3: 3128.04 20-day EMA
*SUP 4: 3096.15 Low Jun 2
EUROSTOXX 50 traded lower yesterday. The underlying trend however remains
bullish and pullbacks are considered corrective. The breach of key resistance at
3023.83, Apr 30 high on May 27 confirmed a resumption of the bullish reversal on
Mar 16. Last week's gains resulted in a break of 3269.66, 61.8% of the Feb - Mar
sell-off. The focus is on 3348.24, Mar 3 high and 3498.07, the 76.4% retrace
level. On the downside, initial support is at 3281.92.
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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.