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Bullish Focus

EUROSTOXX50 TECHS
  • RES 4: 3451.16 High Jul 21 and the bull trigger
  • RES 3: 3418.16 4.0% 10-dma envelope
  • RES 2: 3402.19 High Jul 22
  • RES 1: 3377.44 High Aug 12
  • PRICE: 3305.05 @ Close Aug 17
  • SUP 1: 3269.91 Low Aug 11
  • SUP 2: 3220.05 Low Aug 7
  • SUP 3: 3174.32 Low Jul 31 and key support
  • SUP 4: 3149.67 Low Jun 25

EUROSTOXX 50 remains in an uptrend and despite pulling back from Wednesday's high of 3377.44 last week, attention is on resistance levels that lie ahead. A break of Wednesday's high would open 3402.19, Jul 22 high and the bull trigger at 3451.16, Jul 21 high. Key support has been defined at 3174.32, Jul 31 low where a break would instead confirm the start of a bearish cycle.

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