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EUROSTOXX 50 TECHS: (H2) Monday’s Low Marks Key Support

EUROSTOXX50 TECHS
  • RES 4: 4426.80 1.382 proj of the Nov 30 - Dec 8 - 20 price swing
  • RES 3: 4400.00 Round number resistance
  • RES 2: 4392.50 High Nov 18 and key resistance
  • RES 1: 4381.50 High Jan 5 and the bull trigger
  • PRICE: 4296.00 @ 05:55 GMT Jan 13
  • SUP 1: 4228.00/4216.50 50-day EMA / Low Jan 10 and key support
  • SUP 2: 4161.80 61.8% retracement of the Dec 20 - Jan 5 rally
  • SUP 2: 4109.90 76.4% retracement of the Dec 20 - Jan 5 rally
  • SUP 4: 4026.00 Low Dec 20

The recent pullback in EUROSTOXX 50 futures was considered corrective with bullish conditions intact following a strong recovery between Dec 20 - Jan 5. Monday’s sell-off saw price find support at the 50-day EMA - the EMA intersects at 4228.00. For bulls, a continuation higher would refocus attention on key resistance at 4392.50. Key support to watch is at 4216.50, the Jan 10 low. A break would reinstate a bearish threat.

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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