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(H2) Fresh 2022 Lows

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 High Jan 13
  • RES 1: 4176.50/4250.00 50-day EMA / High Feb 2
  • PRICE: 3986.50 @ 13:42 GMT Feb 21
  • SUP 1: 3950.50 Intraday low
  • SUP 2: 3935.00 Low Oct 6 2021
  • SUP 3: 3895.00 Low Jul 19 2021 (cont)
  • SUP 4: 3844.00 Low May 13 2021 (cont)

EUROSTOXX 50 futures have traded to a fresh 2022 low, breaching former support at 3990.50, the Jan 24 low. The break lower confirms a resumption of the broader bear cycle that started on Nov 18 last year. This opens 3935.00 next, the Oct 6 2021 low and the next key support point. Further out, there is potential for weakness towards 3895.00, the Jul 19 2021 low on the continuation chart.

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