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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
TECHS: 55-DMA Back In Focus.......>
EUROSTOXX50 TECHS: TECHS: 55-DMA Back In Focus
*RES 4: 3536.87 High Jul 31
*RES 3: 3515.15 High Apr 24
*RES 2: 3454.20 21-dma
*RES 1: 3390.91 55-dma
*PRICE: 3364.38 @ Close May 14
*SUP 1: 3311.17 Low May 13
*SUP 2: 3281.79/3274.69/3273.68 Low Mar 25/200-dma/Low Mar 8
*SUP 3: 3267.13 100-dma
*SUP 4: 3211.92 50% retracement
Eurostoxx recovered Monday's losses yesterday to bring the focus back to the
55-dma at 3390.91. A break above here would open the 21-dma at 3454.20 ahead of
the April 24 ytd highs at 3515.15. Bears look to Monday's low at 3311.17, below
which would bring the March 25 low, 200-dma, and March 8 low at
3281.79/3275.49/3273.68 back into play. A downside break would open the 100-dma
at 3267.13 ahead of the 50% retracement level at 3211.92.
To read the full story
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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.