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(M3) Bull Cycle Still 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: 4363.00 High Apr 21
  • PRICE: 4310.00 @ 06:05 BST Apr 26
  • SUP 1: 4309.00 Low Apr 17
  • SUP 2: 4279.90 20-day EMA
  • SUP 3: 4202.40 50-day EMA
  • SUP 4: 4175.00 Low Mar 30

The Eurostoxx 50 futures contract has pulled back from recent highs. A key short-term support at 4279.90 remains intact. This is the 20-day EMA where a break is required to signal a short-term top and highlight potential for a deeper pullback - towards 4202.40, the 50-day EMA. Trend conditions remain bullish for now and attention is on the bull trigger at 4363.00, the Apr 21 high. A break would open 4381.50, Jan 5 2022 high (cont).

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