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(M2) Bull Cycle Extends

EUROSTOXX50 TECHS
  • RES 4: 3944.00 High Mar 29 and a key resistance
  • RES 3: 3883.00 High Apr 21
  • RES 2: 3775.00 High May 5
  • RES 1: 3756.00 Intraday high
  • PRICE: 3744.00 @ 06:37 BST May 27
  • SUP 1: 3576.00/3466.00 Low May 19 / Low May 10 and bear trigger
  • SUP 2: 3458.90 76.4% retracement of the Mar 7 - 29 rally
  • SUP 3: 3400.00 Round number support
  • SUP 4: 3309.00 Low Mar 7 and a major support

EUROSTOXX 50 futures traded higher Thursday and this signals a resumption of the current bull cycle. The contract has traded through its 20-day EMA, at 3722.90. This signals scope for an extension towards 3775.00, the May 5 high. A break of this resistance would open 3883.00, the Apr 21 high. Key support and the bear trigger is unchanged at 3466.00, May 10 low. Initial support is at 3576.00, the May 19 low.

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

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