February 14, 2025 06:59 GMT
EUROSTOXX50 TECHS: (H5) Approaching The All-Time High
EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisEquitiesCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
- RES 4: 5574.57 2.382 proj of the Nov 21 - Dec 9 - 20 ‘24 price swing
- RES 3: 5528.87 2.236 proj of the Nov 21 - Dec 9 - 20 ‘24 price swing
- RES 2: 5525.00 March 2000 all-time high
- RES 1: 5511.00 High Feb 13
- PRICE: 5486.00 @ 06:43 GMT Feb 14
- SUP 1: 5371.00/5283.40 Low Feb 12 / 20-day EMA
- SUP 2: 5144.04 50-day EMA
- SUP 3: 4991.00 Low Jan 15
- SUP 4: 4931.00 Low Jan 13 and a key short-term support
The Eurostoxx 50 futures contract continues to appreciate. The move higher this week confirms once again, a resumption of the uptrend that started on Nov 21 ‘24. Moving average studies are in a bull mode set-up too, highlighting a dominant uptrend. Sights are on a major resistance at 5525.00, the March 2000 all-time high. Clearance of this level would highlight a key bullish break. Initial firm support to watch lies at 5283.40, the 20-day EMA.
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