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(M1) Clears 4000

EUROSTOXX50 TECHS
  • RES 4: 4175.00 Low Nov 26, 2007 (cont)
  • RES 3: 4140.00 High Jan 18, 2008 (cont)
  • RES 2: 4099.00 1.00 proj of of the Mar - Jul - Oct 2020 price swing
  • RES 1: 4036.00 Intraday high
  • PRICE: 4026.00 @ 05:56 BST May 10
  • SUP 1: 3939.73 20-day EMA
  • SUP 2: 3882.00 Low May 4 and key support
  • SUP 3: 3859.34 50-day EMA
  • SUP 4: 3821.00 High Mar 18 and recent breakout level

EUROSTOXX 50 futures are firm following last week's gains that resulted in a break of key resistance at 4000.00, Apr 16 high and a bull trigger. A breach of this hurdle confirms the end of a recent shallow correction and importantly a resumption of the underlying uptrend. This opens 4099.00 next, a Fibonacci projection. On the downside, a key support has been defined at 3882.00, May 4 low. A break would signal a top and the start of a deeper correction.

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