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Bull Trend Remains Intact

EUROSTOXX50 TECHS
  • RES 4: 3668.70 High Feb 25
  • RES 3: 3630.53 0.618 proj of Mar 16 - Jul 21 rally from Oct 29 low
  • RES 2: 3600.00 Round number resistance
  • RES 1: 3557.39 High Dec 9 and the bull trigger
  • PRICE: 3521.50 @ Close Dec 15
  • SUP 1: 3461.47 Low Dec 11
  • SUP 2: 3440.22 Low Nov 19
  • SUP 3: 3416.18 Low Nov 13
  • SUP 4: 3396.02 High Sep 3 and key near-term support

EUROSTOXX 50 remains bullish despite the recent corrective pullback. Last week's fresh trend high print of 3557.39, Dec 9 high, reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. A bullish theme follows a rally on Nov 9 that cleared 3451.16, Jul 21 high. This confirmed a resumption of the uptrend that began in March. 3600.00 is the next objective. 3461.47 is initial support, Dec 11 low.

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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