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EUROSTOXX50 Bull Cycle Extends

  • EUROSTOXX 50 futures remain in a bull cycle.
  • The contract has resumed its uptrend and traded to a fresh cycle high.
  • This reinforces current conditions and the importance of the recent break of resistance at 4634.00, the Dec 14 high.
  • Moving average studies are in a bull-mode position, highlighting positive market sentiment.
  • Sights are on 4800.00 and 4848.00, the 2.00 projection of the Nov 8 - 24 - 28 price swing.
  • Initial firm support lies at the 20-day EMA.

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