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(H3) Testing Resistance At The 20-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: 3857.60/3908.00 20-day EMA / Low Dec 9
  • PRICE: 3849.00 @ 05:39 GMT Jan 2
  • SUP 1: 3753.00 Low Dec 20 and the bear trigger
  • 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 remain above the December lows. The contract has tested resistance at the 20-day EMA which intersects at 3857.60 and marks a key short-term hurdle. A clear breach of this level would suggest potential for a stronger recovery. Gains are considered corrective - for now. A resumption of weakness and a break of 3753.00, the Dec 20 low, would resume the recent downtrend. The key bull trigger is 4043.00, Dec 13 high.

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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