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EUROSTOXX50 TECHS: (H5) Northbound

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisEquitiesCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 5335.43 1.618 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 3: 5327.90 1.764 proj of the Dec 20 - Jan 8 - 13 price swing      
  • RES 2: 5298.50 1.500 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 1: 5268.50 1.500 proj of the Dec 20 - Jan 8 - 13 price swing          
  • PRICE: 5259.00 @ 06:33 GMT Jan 24  
  • SUP 1: 5146.00 Low Jan 21           
  • SUP 2: 5071.06 20-day EMA    
  • SUP 3: 4996.20 50-day EMA
  • SUP 4: 4931.00 Low Jan 13 and a key short-term support  

A bull cycle in the Eurostoxx 50 futures contract remains intact and the contract is trading higher again, today. Recent gains have resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. Sights are on 5268.50, a Fibonacci projection point. Key short-term support has been defined at 4931.00, the Jan 13 low. Initial firm support lies at 5071.06, the 20-day EMA.

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  • RES 4: 5335.43 1.618 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 3: 5327.90 1.764 proj of the Dec 20 - Jan 8 - 13 price swing      
  • RES 2: 5298.50 1.500 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 1: 5268.50 1.500 proj of the Dec 20 - Jan 8 - 13 price swing          
  • PRICE: 5259.00 @ 06:33 GMT Jan 24  
  • SUP 1: 5146.00 Low Jan 21           
  • SUP 2: 5071.06 20-day EMA    
  • SUP 3: 4996.20 50-day EMA
  • SUP 4: 4931.00 Low Jan 13 and a key short-term support  

A bull cycle in the Eurostoxx 50 futures contract remains intact and the contract is trading higher again, today. Recent gains have resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. Sights are on 5268.50, a Fibonacci projection point. Key short-term support has been defined at 4931.00, the Jan 13 low. Initial firm support lies at 5071.06, the 20-day EMA.