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(H2) Corrective Recovery

EUROSTOXX50 TECHS
  • RES 4: 4392.50 High Nov 18 and key resistance
  • RES 3: 4381.50 High Jan 5 and the bull trigger
  • RES 2: 4324.50.50 High Jan 13
  • RES 1: 4214.90/15.50/4218.50 50-day EMA / High Jan 24
  • PRICE: 4177.50 @ 05:43 GMT Jan 30
  • SUP 1: 3990.50 Low Jan 24 and a key near-term support
  • SUP 2: 3980.00 Low Nov 30 2021
  • SUP 2: 3935.00 Low Oct 6 2021
  • SUP 4: 3895.00 Low Jul 19 2021 (cont)

EUROSTOXX 50 futures remain vulnerable and volatile. Last Monday’s sell-off reinforced a bearish threat. Former support at 4216.50, Jan 10 low has been cleared and this resulted in the break of a number of short-term support levels. The focus is on 3980.00, Nov 30 low and 3935.00, Oct 6 low. Both are important supports. Initial firm resistance is at 4215.50, the Jan 24 high. Gains are considered corrective.

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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