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Bearish Focus

EUROSTOXX50 TECHS
  • RES 4: 3326.79 High Sep 18
  • RES 3: 3305.77 High Oct 12 and the bull trigger
  • RES 2: 3282.55 High Oct 19
  • RES 1: 3236.09 20-day EMA
  • PRICE: 3171.41 @ Close Oct 22
  • SUP 1: 3135.48 Low Oct 22
  • SUP 2: 3097.67 Low Sep 25 and the bear trigger
  • SUP 3: 3054.11 Low June 15
  • SUP 4: 3012.50 38.2% retracement of the Mar - Jul uptrend

A bearish EUROSTOXX 50 focus remains intact. The index traded lower yesterday before finding support. Recent weakness off 3305.77, Oct 12 high has reversed the recent Sep 25 - Oct 12 recovery. Support at 3147.28, Oct 2 low has been breached and attention turns to the primary support handle at 3097.67, Sep 25 low. A break would represent an important bearish development. Key near-term resistance is at 3282.55, Oct 19 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

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