Free Trial

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

Recovery Intact

  • RES 4: 3396.02 High Sep 3
  • RES 3: 3348.77 High Sep 16
  • RES 2: 3326.79 High Sep 18
  • RES 1: 3289.51 76.4% retracement of the Sep 16 - Sep 25 sell-off
  • PRICE: 3273.12 @ Close Oct 9
  • SUP 1: 3219.33 Low Oct 7
  • SUP 2: 3147.28 Low Oct 2 and key support
  • SUP 3: 3097.67 Low Sep 25 and the bear trigger
  • SUP 4: 3054.11 Low Jun 15

EUROSTOXX 50 conditions improved last week following Tuesday's break of resistance at 3227.43, Sep 28 high. Furthermore price has traded through the resistance zone defined by the 20- and 50-day EMAs. The move beyond these averages strengthens a bullish argument and opens 3289.51, a Fibonacci retracement. Initial firm support has been defined at 3147.28, Oct 2 low.

MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

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.