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Free AccessPressure Firmly On 3412.26 .......>
EUROSTOXX50 TECHS: Pressure Firmly On 3412.26
*RES 4: 3473.46 55-DMA
*RES 3: 3467.78 High Aug 23
*RES 2: 3454.45 High Sept 1
*RES 1: 3438.41 Alternating hourly support/resistance
*PREVIOUS CLOSE: 3420.86
*SUP 1: 3412.26 High Aug 30 now support
*SUP 2: 3395.03 Hourly resistance Aug 29 now support
*SUP 3: 3373.52 Hourly support Aug 29
*SUP 4: 3363.68 Low Aug 29
*COMMENTARY: The index remains a little heavy as topside follow through lacks,
with pressure firmly on the 3412.26 support. Bears look for a close below
3412.26 to return focus to the bear channel base 3335.62. Layers of resistance
remain 3454.55-3539.48. Bulls now need a close above the 55-DMA to confirm focus
on 3497.29-3539.48 where the 100-DMA (3518.97) is located and above this region
to target 2017 highs.
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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.