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(H2) Trades Above The 50-Day EMA

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: 4196.50/4250.00 50-day EMA / High Feb 2
  • PRICE: 4195.00 @ 05:46 GMT Feb 10
  • SUP 1: 4056.00/3990.50 Low Feb 4 / Low Jan 24 and key support
  • SUP 2: 3980.00 Low Nov 30 2021
  • SUP 3: 3935.00 Low Oct 6 2021
  • SUP 4: 3895.00 Low Jul 19 2021 (cont)

EUROSTOXX 50 futures have recovered from recent lows and the contract traded higher yesterday. Attention is on the 50-day EMA. The contract has once again traded above this EMA - it intersects at 4196.50 and represents a key resistance point. A clear break would suggest scope for a stronger recovery that would open 4324.50, Jan 13 high. A shift lower though would refocus attention on 3990.50, Jan 24 low and the bear trigger.

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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