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(H3) Clears The 50-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4132.60 76.4/% of the Nov ‘21 - Oct ‘22 bear leg (cont)
  • RES 3: 4049.50 High Feb 23 (cont)
  • RES 2: 4043.00 High Dec 13 and the bull trigger
  • RES 1: 3896.10 20-day EMA
  • PRICE: 3759.00 @ 05:47 GMT Dec 20
  • SUP 1: 3720.00 Low Nov 10
  • SUP 2: 3646.50 50% retracement of the Sep - Dec bull cycle
  • SUP 3: 3580.00 Low Nov 3
  • SUP 4: 3552.90 61.8% retracement of the Sep - Dec bull cycle

EUROSTOXX 50 futures are in a clear bear mode position and today’s move lower has reinforced this theme. The break lower has confirmed a breach of the 50-day EMA - at 3799.60. The break of this average signals scope for an extension lower near-term and this has opened 3720.00 next, the Nov 10 low. On the upside, initial firm resistance is seen at the 20-day EMA - it intersects at 3896.10.

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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