- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
- About Us
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(Z1) Bearish Threat Remains Present
- RES 4: 4300.00 Round number resistance
- RES 3: 4223.00 High Sep and the bull trigger
- RES 2: 4197.45 2.0% 10-dma envelope
- RES 1: 4184.00 High Sep 17
- PRICE: 4144.50 @ 05:52 BST Sep 23
- SUP 1: 3974.00 Low Sep20
- SUP 2: 3962.50 76.4% retracement of the Jul 19 - Sep 6 rally
- SUP 3: 3941.50 Low Jul 21
- SUP 4: 3882.00 Low Jul 19 and a key support
EUROSTOXX 50 futures traded down to 3974.00 on Sep 20. The contract has since recovered. Despite recent gains, a bearish threat remains present. Monday's breach of 4060.50, Aug 19 low highlights a short-term bearish cycle. This follows last week's move below 4104.50, Sep 9 low that confirmed a bearish price sequence of lower lows and lower highs and opens 3962.50 next, a Fibonacci retracement. Resistance is at 4102.50, Sep 20 high.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.