Free Trial
EQUITIES

Roll pace update

SOY TECHS

(X2) Pullback Considered Corrective

GILTS

Outperforming across the curve

EUR

EURGBP test MNI tech resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U1) Extends Streak of Higher Highs

EUROSTOXX50 TECHS
  • RES 4: 4218.10 2.0% 10-dma envelope
  • RES 3: 4218.00 1.00 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 2: 4198.51 2.0% Upper Bollinger Band
  • RES 1: 4192.00 High Aug 10
  • PRICE: 4188.50 @ 17:26 BST Aug 10
  • SUP 1: 4029.50 Low Jul 22
  • SUP 2: 3944.00/3895.00 Low Jul 21 / Low Jul 19
  • SUP 3: 3871.00 Low Jul 21 / Low May 19
  • SUP 4: 3830.00 Low May 13 and a key support

EUROSTOXX 50 futures continue to press onwards, extending the winning streak to six consecutive sessions of higher highs. This follows the break above previous resistance at 4101.50, Jul 1 high. The breach of this level places on hold the previously bearish outlook and instead signals scope for a stronger move higher. Attention shifts to the 4218.00 Fibonacci projection. Key support has been defined at 3895.00.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.