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EUROSTOXX50 TECHS: (H2) Remains Soft

EUROSTOXX50 TECHS
  • RES 4: 4043.80 50-day EMA
  • RES 3: 3898.10 20-day EMA
  • RES 2: 3714.50 High Mar 4
  • RES 1: 3596.50 High Mar 7
  • PRICE: 3448.00 @ 05:22 GMT Mar 8
  • SUP 1: 3380.00 Low Mar 7
  • SUP 2: 3379.00 Low Dec 21 2020 (cont)
  • SUP 3: 3318.60 2.382 proj of the Jan 5 - 24 - Feb 2 price swing
  • SUP 4: 3246.30 76.4% retracement of the Mar ‘20 - Nov ‘21 (cont)

EUROSTOXX 50 futures remain soft. The contract traded sharply lower again Monday to confirm a resumption of this year’s downtrend. Price has moved through the 50.0% retracement of the bull cycle between Mar ‘20 - Nov ‘21 and yesterday breached the 61.8% handle, at 3468.60. MA studies remain in a bear mode condition and the bearish price sequence of lower lows and lower highs suggests more weakness lies ahead. The focus is on 3379.00.

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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