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(H2) 20-Day EMA Remains Intact

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
  • PRICE: 4301.50 @ 06:03 GMT Jan 10
  • SUP 1: 4258.30 20-day EMA
  • SUP 2: 4222.40 50-day EMA
  • SUP 2: 4149.00 Low Dec 22
  • SUP 4: 4108.50 Low Dec 21

EUROSTOXX 50 futures reversed course last Thursday as a risk-off mood weighed on price. The pullback at this stage is considered corrective with bullish conditions intact following a strong recovery between Dec 20 and last Wednesday’s high. Initial support is seen at 4258.30, the 20-day EMA. A more important area of support though lies at 4222.40, the 50-day EMA. For bulls, a return higher would refocus attention on key resistance at 4392.50.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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