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Fresh Trend High

EUROSTOXX50 TECHS
  • RES 4: 3867.28 High Feb 20, 2020
  • RES 3: 3828.51 1.382 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 2: 3798.19 0.764 proj of Mar - Jul - Oct 2020 swing
  • RES 1: 3767.45 High Mar 8
  • PRICE: 3763.24 @ Close Mar 8
  • SUP 1: 3656.21 Low Mar 5 and the key near-term support
  • SUP 2: 3622.24 Low Feb 26 and the bear trigger
  • SUP 3: 3576.43 61.8% retracement of the Jan 28 - Feb 15 rally
  • SUP 4: 3545.09 Low Feb 2

EUROSTOXX 50 resumed its bullish cycle yesterday rallying sharply higher and closed near session highs. The move above former resistance at 3742.53, Feb 15 high confirms a resumption of the underlying uptrend and paves the way for gains towards 3798.19, 0.764 projection of the Mar - Jul - Oct 2020 price swing. On the downside, near-term firm support has been defined at 3656.21, Feb 5 low.

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