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(M2) Fails To Hold On To Late Week’s Highs

EUROSTOXX50 TECHS
  • RES 4: 4132.00 High Feb 10
  • RES 3: 4072.00 High Feb 16
  • RES 2: 3944.00 High Mar 29 and a key resistance
  • RES 1: 3883.00 High Apr 21
  • PRICE: 3709.00 @ 06:23 BST Apr 25
  • SUP 1: 3684.00 Low Apr 12 and the bear trigger
  • SUP 2: 3626.50 50.0% retracement of the Mar 7 - 29 rally
  • SUP 3: 3551.60 61.8% retracement of the Mar 7 - 29 rally
  • SUP 4: 3523.00 Low Mar 11

EUROSTOXX 50 futures has failed to hold onto last week’s highs and is again trading below both the 20- and 50-day EMAs. A continuation lower would expose key short-term support at 3684.00, the Apr 12 low and the bear trigger. Clearance of this support would resume recent bearish activity. For bulls, a break above 3883.00, the Apr 21 high, would open the 3944.00 key resistance point.

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

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