April 20, 2022 04:27 GMT
(M2) Consolidating
EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical Analysismarkets-real-timeEquitiesBulletMarketsFixed IncomeForeign Exchange
- RES 4: 4132.00 High Feb 10
- RES 3: 4072.00 High Feb 16
- RES 2: 3944.00 High Mar 29and a key resistance
- RES 1: 3888.00 High Apr 5
- PRICE: 3775.00 @ 05:09 BST Apr 20
- SUP 1: 3684.00 Low Apr 12 and the bear trigger
- SUP 2: 3626.50 50.0% retracement of the Mar 7 - 29 rally
- SUP 3: 3551.60 61.8% retracement of the Mar 7 - 29 rally
- SUP 4: 3523.00 Low Mar 11
EUROSTOXX 50 futures are unchanged and remain in consolidation mode. The contract still appears vulnerable though. Recent weakness resulted in a move below the 20- and 50-day EMAs and support at 3735.00, the Mar 18 low, has been breached. This highlights a bearish threat. An extension lower would open 3626.50, a Fibonacci retracement. Key short-term resistance has been defined at 3944.00, the Mar 29 high.
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