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Corrective Pullback

EUROSTOXX50 TECHS
  • RES 4: 3762.35 High Feb 24
  • RES 3: 3668.70 High Feb 25
  • RES 2: 3657.83 High Jan 8 and the bull trigger
  • RES 1: 3621.49 High Jan 25
  • PRICE: 3602.41 @ Close Jan 22
  • SUP 1: 3524.63 Low Jan 5
  • SUP 2: 3521.84 50-day EMA
  • SUP 3: 3455.94 Low Dec 22
  • SUP 4: 3401.14 Low Dec 21 and a key support

EUROSTOXX 50 started the week on a softer note. A move lower is considered a correction though and attention turns to support at 3524.63, Jan 5 low and 3521.84, the 50-day EMA. A clear breach of this support zone would signal scope for a deeper corrective pullback. This would open 3455.94, the Dec 22 low. On the upside, key resistance and the bull trigger remains 3657.83. A break would resume the underlying uptrend.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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