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(H2) Approaching The 50-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4250.00 High Feb 2
  • RES 3: 4119.50 High Feb 21
  • RES 2: 3997.70 61.8% retracement of the Jan 5 - Mar 7 downleg
  • RES 1: 3964.00 50-day EMA
  • PRICE: 3904.50 @ 05:48 GMT Mar 17
  • SUP 1: 3640.00 Low Mar 15 and a key near-term support
  • SUP 2: 3546.00 Low Mar 9
  • SUP 3: 3380.00 Low Mar 7 and the bear trigger
  • SUP 4: 3379.00 Low Dec 21 2020 (cont)

EUROSTOXX 50 futures traded higher Wednesday and as a result, breached the 20-day EMA. This sets the scene for a stronger correction and attention turns to the 50-day EMA at 3964.00. The average represents an important area of resistance and if cleared, would strengthen a bullish short-term theme. On the downside, support to watch lies at 3640.00, the Mar 15 low. A break would highlight a possible reversal.

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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