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Fresh Trend High Print

EUROSTOXX50 TECHS
  • RES 4: 3987.14 2.00 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 3: 3926.56 1.764 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 2: 3900.30 High May 2008
  • RES 1: 3890.20 High Mar 29
  • PRICE: 3882.87 @ Close Mar 29
  • SUP 1: 3841.46 Low Mar 26
  • SUP 2: 3784.09 Low Mar 25 and key support
  • SUP 3: 3742.53 High Feb 15 and recent breakout level
  • SUP 4: 3725.17 50-day EMA

EUROSTOXX 50 traded higher yesterday, registering a fresh trend high print of 3890.20. The outlook remains bullish and yesterday's gains confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows. This signals scope for a climb to 3900.30 next, the high in May 2008. On the downside, key support has been defined at 3784.09, Mar 25 low. A break is required to signal a potential short-term top.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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