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(M3) Trading Closer To Its Recent Highs

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: 4348.00 @ 05:55 BST Apr 23
  • SUP 1: 4309.00 Low Apr 17
  • SUP 2: 4266.00 20-day EMA
  • SUP 3: 4190.70 50-day EMA
  • SUP 4: 4095.00 Low Mar 28

The Eurostoxx 50 futures uptrend remains intact and the contract is trading closer to its recent highs. The recent extension higher has reinforced the bullish significance of the break of 4268.00, Mar 6 high and a former key resistance. The move confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 4381.50, Jan 5 2022 high (cont). Initial firm support lies at 4266.00, the 20-day EMA.

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