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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Trendline support key for bulls...>
EUROSTOXX50 TECHS: Trendline support key for bulls
*RES 4: 3641.04 1.618 projection of May 14-May 21 rally from May 27 low
*RES 3: 3604.36 Bull channel top drawn off the Jun 3 low
*RES 2: 3558.40 1.00 projection of Jun 14-Jun 21 rally from Jun 27 low
*RES 1: 3549.26 High Jul 4
*PRICE: 3523.76 @ Close Jul 8
*SUP 1: 3514.41 Low Jul 8 and today's key support
*SUP 2: 3507.70 Low Jul 3
*SUP 3: 3476.08 Low Jul 1
*SUP 4: 3424.68 Low Jun 27 and key trend support
EUROSTOXX50 remains below last Friday's high. The move lower is being viewed as
a correction with the underlying uptrend intact. Key support lies at the
trendline drawn off the Jun 3 low that yesterday intersected at 3519.56. The
trendline was probed yesterday however the market closed above the line leaving
it intact for now. A break and daily close below yesterday's low of 3514.41
would confirm break of the trendline and signal a short-term reversal.
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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.