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EUROSTOXX 50 TECHS: (H2) Challenging The 20-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4305.00 High Nov 23
  • RES 3: 4270.00 High Dec 8 and a key resistance
  • RES 2: 4234.00 High Dec 16
  • RES 1: 4180.80 High Dec 21
  • PRICE: 4172.50 @ 06:01 GMT Dec 22
  • SUP 1: 4026.00 Low Dec 20
  • SUP 2: 3980.00 Low Nov 30 and the bear trigger
  • SUP 2: 3935.00 Low Oct 6
  • SUP 4: 3857.50 1.00 proj of the Nov 18 - 30 - Dec 8 price swing

EUROSTOXX 50 futures have recovered from Monday’s sharp sell-off and the 4026.00 low. The move higher however does not remove a bearish threat - recent weakness has exposed the key support handle at 3980.00, Nov 30 low and a bear trigger. A breach of this support would strengthen a bearish theme and signal scope for a deeper sell-off. On the upside, a clear break of the 20-day, at 4170.20, that has been probed would ease bearish pressure.

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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