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(M3) Challenging Support At The 50-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4510.50 0.618 proj of the Mar 20 - Apr 21 - May 4 price swing
  • RES 3: 4457.50 0.5 proj of the Mar 20 - Apr 21 - May 4 price swing
  • RES 2: 4448.00 High Jan 2008 (cont)
  • RES 1: 4409.50 High Nov 18 2021 (cont) and a major resistance
  • PRICE: 4277.00 @ 05:59 BST May 26
  • SUP 1: 4252.00 Low May 25
  • SUP 2: 4233.00 Low May 4 and a key near-term support
  • SUP 3: 4175.00 Low Mar 30
  • SUP 4: 4164.00 High Mar 22

Eurostoxx 50 futures have traded lower this week and the contract remains soft - for now. The 50-day EMA, at 4266.60, has been pierced and this signals scope for weakness towards 4233.00, the May 4 low and a key short-term support. A break of this level would strengthen bearish conditions. On the upside the bull trigger is at 4409.50, the Nov 18 2021 high (cont) and a major resistance.

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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