Free Trial

Rally Extends *RES 4: 3596.20....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Rally Extends 
*RES 4: 3596.20 High May 18 
*RES 3: 3536.89 High July 31 
*RES 4: 3463.03 High Aug 28 
*RES 3: 3452.41 High Sep 27 
*PRICE: 3409.00 @ Mar 19 Close 
*SUP 1: 3334.50 Up trend channel support from Dec 27 
*SUP 2: 3310.19 21-dma
*SUP 3: 3280.28/3273.68 200-dma/Low Mar 8 
*SUP 4: 3223.40 Low Feb 19 
Eurostoxx extended its rally through trend channel resistance yesterday, closing
comfortably above 3400 to shift the focus to the Sep 27 high at 3452.41. Above
here would open the July 31 high at 3536.89. Bears look to close below uptrend
support which comes in at 3334.50 to open the 21-dma at 3310.19. Below here
would allow a test of the 200-dma/March 8 low at 3280.26/3273.68.

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.