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(H2) Fresh YTD Lows

EUROSTOXX50 TECHS
  • RES 4: 4381.50 High Jan 5 and the bull trigger
  • RES 3: 4324.50 High Jan 13
  • RES 2: 4168.60/4250.00 50-day EMA / High Feb 2
  • RES 1: 3990.50 Low Jan 24 and a recent breakout level
  • PRICE: 3931.50 @ 05:43 GMT Feb 22
  • SUP 1: 3900.50 Intraday low
  • SUP 2: 3895.00 Low Jul 19 2021 (cont)
  • SUP 3: 3844.00 Low May 13 2021 (cont)
  • SUP 4: 3727.00 Low Mar 25 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. Futures have also traded below 3935.00, the Oct 6 2021 low and this opens 3895.00 next, the Jul 19 2021 low on the continuation chart. On the upside, 3990.50, the Jan 24 low offers initial resistance.

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