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Free AccessReversal Potential *RES 4:........>
EUROSTOXX50 TECHS: Reversal Potential
*RES 4: 3536.87 High Jul 31
*RES 3: 3486.31 High Aug 10
*RES 2: 3452.41 High Sep 27
*RES 1: 3282.22 High Oct 17
*PREVIOUS CLOSE: 3197.51
*SUP 1: 3090.85 Low Oct 26
*SUP 2: 3030.00 Up trendline support from 2012 low
*SUP 3: 2984.48 Low Dec 2 2016
*SUP 4: 2678.86 Low June 30 2016
Eurostoxx50 broke above down trendline support yesterday as well as the 3200
level, which returns the focus to the upside. The Oct 17 high at 3282.22 is the
next upside target ahead of a potential run at the Sep 27 highs. On the
downside, bears look to take out the Oct 26 low at 3090.85 to extend the selloff
and test up trendline support from the 2012 low which comes in around 3030.
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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.