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(M3) Bull Cycle Remains In Play

EUROSTOXX50 TECHS
  • RES 4: 4520.00 High June 2001 (cont)
  • RES 3: 4403.50 High Nov 18 2021 (cont) and a major resistance
  • RES 2: 4381.50 High Jan 5 2022 (cont)
  • RES 1: 4324.50 High Jan 13 2022 (cont)
  • PRICE: 4321.00 @ 06:27 BST Apr 14
  • SUP 1: 4229.00 Low Apr 5
  • SUP 2: 4222 10 20-day EMA
  • SUP 3: 4183.30 50-day EMA
  • SUP 4: 4034.00 Low Mar 24 and a key support

Eurostoxx 50 futures remain firm and price is trading at this week’s highs. The continued appreciation strengthens the bullish significance of the recent break of 4268.00, the Mar 6 high and a key hurdle for bulls. Sights are on 4324.50, the Jan 13 2022 high (cont) and 4381.50, the Jan 5 2022 high (cont). Moving average studies are in a bull-mode set-up, highlighting a broader uptrend. Initial firm support lies at 4209.70, the 20-day EMA

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