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Price Signal Summary - EUROSTOXX Breaches Resistance At The March High

OUTLOOK
  • In the equity space, S&P E-Minis maintains a bullish tone. Price has recently breached resistance at 4119.50, reinforcing bullish conditions. The move higher has also resulted in a breach of 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. This signals scope for an extension towards 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4032.81, the 50-day EMA.
  • EUROSTOXX 50 futures remain bullish. Price has breached resistance at 4268.00, the Mar 6 high and a key hurdle for bulls. A clear break of it strengthens bullish conditions and opens 4300.00 next ahead of 4324.50, the Jan 13 2022 high (cont). Moving average studies are in a bull-mode set-up and this highlights a broader uptrend. Initial firm support lies at 4146.30, the 20-day EMA.

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