© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

EURJPY TECHS

Bearish Outlook

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
Trending Top 5
Topics

(U2) Bearish Outlook

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical Analysismarkets-real-timeEquitiesBulletMarketsFixed IncomeForeign Exchange
  • RES 4: 3902.00 High Mar 29
  • RES 3: 3840.00 High Jun 6
  • RES 2: 3651.70 50-day EMA
  • RES 1: 3567.00 High Jun 16
  • PRICE: 3439.00 @ 05:28 BST Jun 23
  • SUP 1: 3384.00 Low Jun 16 and the bear trigger
  • SUP 2: 3300.00 Round number support
  • SUP 3: 3241.70 1.382 proj of the Mar 29 - May 10 - Jun 6 price swing
  • SUP 4: 3189.10 1.50 proj of the Mar 29 - May 10 - Jun 6 price swing

The EUROSTOXX 50 futures trend direction remains down and recent gains are considered corrective. The breach last week of key support at 3456.00, May 10 low, reinforces bearish conditions and signals potential for weakness towards 3300.00 next. Moving average studies remain in a bear mode condition, highlighting current trend conditions. Initial firm resistance is seen at 3651.70, the 50-day EMA.

138 words

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.
  • RES 4: 3902.00 High Mar 29
  • RES 3: 3840.00 High Jun 6
  • RES 2: 3651.70 50-day EMA
  • RES 1: 3567.00 High Jun 16
  • PRICE: 3439.00 @ 05:28 BST Jun 23
  • SUP 1: 3384.00 Low Jun 16 and the bear trigger
  • SUP 2: 3300.00 Round number support
  • SUP 3: 3241.70 1.382 proj of the Mar 29 - May 10 - Jun 6 price swing
  • SUP 4: 3189.10 1.50 proj of the Mar 29 - May 10 - Jun 6 price swing

The EUROSTOXX 50 futures trend direction remains down and recent gains are considered corrective. The breach last week of key support at 3456.00, May 10 low, reinforces bearish conditions and signals potential for weakness towards 3300.00 next. Moving average studies remain in a bear mode condition, highlighting current trend conditions. Initial firm resistance is seen at 3651.70, the 50-day EMA.