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(H2) Finds Support At Yesterday’s Low

EUROSTOXX50 TECHS
  • RES 4: 4305.00 High Nov 23
  • RES 3: 4270.00 High Dec 8 and a key resistance
  • RES 2: 4234.00 High Dec 16
  • RES 1: 4171.90 20-day EMA
  • PRICE: 4138.00 @ 05:54 GMT Dec 21
  • SUP 1: 4026.00 Low Dec 20
  • SUP 2: 3980.00 Low Nov 30 and the bear trigger
  • SUP 2: 3935.00 Low Oct 6
  • SUP 4: 3857.50 1.00 proj of the Nov 18 - 30 - Dec 8 price swing

EUROSTOXX 50 futures last week failed to hold onto the high of 4234.00 on Dec 16. Futures traded sharply lower yesterday to a low of 4026.00 before rebounding. The recent bearish pressure has exposed the key support handle at 3980.00, the Nov 30 low and the bear trigger. A breach of this level would strengthen a bearish theme and signal scope for a deeper sell-off. A move above 4171.90, the 20-day EMA, is required to ease bearish pressure.

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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