Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
EUROSTOXX50 TECHS: Shooting Star
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3733.45 High Nov 19
*PRICE: 3696.56 @ Close Nov 19
*SUP 1: 3679.63 Low Nov 13
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3571.01 Low Oct 18 and key support
EUROSTOXX50 pushed higher yesterday, however prices did fail at the day high
resulting in a close near session lows. In candle terms, yesterday's pattern is
a shooting star (inverted hammer) and signals potential waning momentum. Whether
this marks a top will depend on initial support at 3679.63, Nov 13 low. A break
would highlight a short term bearish threat and expose support at 3627.94.
Yesterday's 3733.45 high is the trigger for a resumption of gains.