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(H4) Northbound

EUROSTOXX50 TECHS
  • RES 4: 5030.60 2.764 projection of the Nov 8 - 24 - 28 price swing
  • RES 3: 5022.10 Bull channel top drawn from the Oct 27 low
  • RES 2: 5000.00 Psychological round number
  • RES 1: 4996.00 Intraday high
  • PRICE:4989.00 @ 06:43 GMT Mar 8
  • SUP 1: 4841.50 20-day EMA
  • SUP 2: 4757.00 Low Feb 19
  • SUP 3: 4710.80 50-day EMA
  • SUP 4: 4649.60 Bull channel base drawn from the Oct 27 low

A bullish theme in Eurostoxx 50 futures remains intact and Thursday’s rally and fresh cycle high reinforces this theme. Moving average studies remain in a bull-mode position, highlighting positive market sentiment. Sights are on the psychological 5000.00 handle next. Further out, scope is seen for a climb towards a bull channel top at 5022.10. The channel is drawn from the Oct 27 low. Initial firm support lies at 4841.50, the 20-day EMA.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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