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(H2) Holding Onto This Week’s Gains

EUROSTOXX50 TECHS
  • RES 4: 4305.00 High Nov 23
  • RES 3: 4295.10 76.4% retracement of the Nov 18 - 30 sell-off
  • RES 2: 4270.00 High Dec 8 and a key resistance
  • RES 1: 4234.00 High Dec 16
  • PRICE: 4115.50 @ 06:00 GMT Dec 23
  • SUP 1: 4108.50/4026.00 Low Dec 21 / 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 have recovered from Monday’s sharp sell-off and the 4026.00 low. The contract is trading at this week’s highs and short-term bullish conditions have improved following yesterday’s gains through the 50-day EMA. A continuation would open resistance at 4234.00, the Dec 16 high and a firmer resistance at 4270.00, Dec 8 high. On the downside, the first key short-term support has been defined at 4026.00, the Dec 20 low.

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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