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(M3) Bulls Remain In The Driver’s Seat

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: 4354.00 High Apr 18
  • PRICE: 4340.00 @ 06:20 BST Apr 20
  • SUP 1: 4309.00 Low Apr 17
  • SUP 2: 4250.00 20-day EMA
  • SUP 3: 4178.40 50-day EMA
  • SUP 4: 4034.00 Low Mar 24 and a key support

Eurostoxx 50 futures are consolidating at recent highs and the uptrend remains intact. Recent gains have reinforced the bullish significance of the break of 4268.00, the Mar 6 high and a former key resistance. The breach confirmed a resumption of the trend and maintains the bullish price sequence of higher highs and higher lows. Sights are on 4381.50, the Jan 5 2022 high (cont). Initial firm support lies at 4250.00, the 20-day EMA.

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