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(H3) Uptrend Remains Intact

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4446.00 3.00 proj of the Sep 29 - Oct 4 rally from Dec 20 low
  • RES 3: 4409.50 High Nov 18 2021 and a major resistance
  • RES 2: 4381.50 High Jan 5 2022 (cont)
  • RES 1: 4323.00 High Feb 16 and the bull trigger
  • PRICE: 4264 .00 @ 05:53 GMT Mar 3
  • SUP 1: 4202.50 Bull channel base drawn from the Oct 13 low
  • SUP 2: 4175.00/4138.90 Low Feb 24 / 50-day EMA
  • SUP 3: 3955.00 Low Jan 5
  • SUP 4: 3753.00 Low Dec 20 and a key support

Eurostoxx 50 futures remain above last 4175.00, the Feb 24 low. Key support to watch is 4202.50, the base of a bull channel drawn from the Oct 13 low - the line was pierced yesterday. While channel support holds, the broader uptrend remains intact and a resumption of gains would expose the bull trigger at 4323.00, Feb 16 high. A break of this hurdle would resume the uptrend. On the downside, a breach of the channel base alters the picture.

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  • RES 4: 4446.00 3.00 proj of the Sep 29 - Oct 4 rally from Dec 20 low
  • RES 3: 4409.50 High Nov 18 2021 and a major resistance
  • RES 2: 4381.50 High Jan 5 2022 (cont)
  • RES 1: 4323.00 High Feb 16 and the bull trigger
  • PRICE: 4264 .00 @ 05:53 GMT Mar 3
  • SUP 1: 4202.50 Bull channel base drawn from the Oct 13 low
  • SUP 2: 4175.00/4138.90 Low Feb 24 / 50-day EMA
  • SUP 3: 3955.00 Low Jan 5
  • SUP 4: 3753.00 Low Dec 20 and a key support

Eurostoxx 50 futures remain above last 4175.00, the Feb 24 low. Key support to watch is 4202.50, the base of a bull channel drawn from the Oct 13 low - the line was pierced yesterday. While channel support holds, the broader uptrend remains intact and a resumption of gains would expose the bull trigger at 4323.00, Feb 16 high. A break of this hurdle would resume the uptrend. On the downside, a breach of the channel base alters the picture.