Free Trial

Trades To A Fresh High *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Trades To A Fresh High
*RES 4: 3657.96 Bull channel top drawn off the Mar 16 low
*RES 3: 3553.05 High Feb 27
*RES 2: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 1: 3451.16 High Jul 21
*PRICE: 3405.35 @ Close Jul 21
*SUP 1: 3332.64 Low Jul 20
*SUP 2: 3277.40/241.29 Low Jul 14 / Low Jul 10
*SUP 3: 3209.43/181.12 50-day EMA / Low Jul 1
*SUP 4: 3192.37 Bull channel base drawn off the Mar 16 low
EUROSTOXX 50 maintains a bullish condition and confirmed an extension of the
current uptrend yesterday, trading to a high of 3451.16 above the former
resistance at 3394.90, Jun 8 high. With moving average studies in a clear
bullish condition, further gains are favoured. The focus is on 3498.07, 76.4% of
the Feb - Mar sell-off. On the downside, initial support has been defined at
3332.64, Monday's low.

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.