MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U2) Still Vulnerable Despite This Week’s Bounce

EUROSTOXX50 TECHS
  • RES 4: 3855.00 High Apr 21
  • RES 3: 3822/40.00 High Aug 17 / High Jun 6 and key resistance zone
  • RES 2: 3782.00 High Aug 18
  • RES 1: 3726.00 High Aug 22
  • PRICE: 3692.00 @ 05:31 BST Aug 26
  • SUP 1: 3621.00 Low Aug 23
  • SUP 1: 3582.50 50.0% retracement of the Jul 5 - Aug 17 rally
  • SUP 3: 3526.00 61.8% retracement of the Jul 5 - Aug 17 rally
  • SUP 4: 3467.00 Low Jul 18 / 19

EUROSTOXX 50 futures remain in a bearish corrective cycle, despite the bounce from Tuesday’s low. The initial move lower this week, marks an extension of the pullback from 3822.00, Aug 17 high. The 20-day EMA has been breached and the 50-day EMA at 3652.00 has been pierced. A clear break of the EMA would strengthen bearish conditions. Key resistance is at 3822.00 ahead of 3840.00. The latter is the Jun 6 high.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.