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(H2) Starting The Week On A Softer Note

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: 4180.50 20-day EMA
  • PRICE: 4059.00 @ 05:59 GMT Dec 20
  • SUP 1: 4038.00 Low Dec 3
  • 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 and the contract has started the week on a softer note. Today’s bearish pressure has exposed 4038.00, Dec 3 low. A break of this level would strengthen the developing bearish threat and signal scope for a test of the key support handle at 3980.00, the Nov 30 low and the bear trigger. A move above 4251.00 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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