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(U2) Key Support Remains Exposed

EUROSTOXX50 TECHS
  • RES 4: 3774.00 High Jun 9
  • RES 3: 3689.00 High Jun 10
  • RES 2: 3604.30 50-day EMA
  • RES 1: 3584.00 High Jun 27
  • PRICE: 3444.00 @ 05:45 BST Jul 4
  • 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

EUROSTOXX 50 futures maintain a short-term bearish theme following the recent reversal from 3584.00, the Jun 27 high The move lower has exposed the key support and bear trigger at 3384.00, Jun 16 low. A break would resume the primary downtrend and open the 3300.00 handle. On the upside, key short-term resistance has been defined at 3584.00. Clearance of this hurdle is required to reinstate a bullish theme.

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