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(H2) Remains Vulnerable

EUROSTOXX50 TECHS
  • RES 4: 4021.20 50-day EMA
  • RES 3: 3857.20 20-day EMA
  • RES 2: 3714.50 High Mar 4
  • RES 1: 3654.50 High Mar 8
  • PRICE: 3568.50 @ 05:44 GMT Mar 9
  • SUP 1: 3380.00 Low Mar 7
  • SUP 2: 3379.00 Low Dec 21 2020 (cont)
  • SUP 3: 3318.60 2.382 proj of the Jan 5 - 24 - Feb 2 price swing
  • SUP 4: 3246.30 76.4% retracement of the Mar ‘20 - Nov ‘21 (cont)

EUROSTOXX 50 futures remain vulnerable. The contract traded lower Monday to confirm a resumption of this year’s downtrend. Price has recently moved through the 50.0% retracement of the bull cycle between Mar ‘20 - Nov ‘21 and this week breached the 61.8% handle, at 3468.60. MA studies are in a bear mode condition and the bearish price sequence of lower lows and lower highs highlights the downtrend. The focus is on 3379.00 next.

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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