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Price Signal Summary - EUROSTOXX50 Futures Bear Threat Remains Present

OUTLOOK
  • In the equity space, S&P E-Minis remain below last Wednesday's high of 4073.75. The recent pullback means that price has - so far - failed to hold above pivot resistance at the 50-day EMA - the EMA intersects at 4020.18. A clear upside break of it is required to strengthen bullish conditions. Support lies at 3937.00, the Mar 24 low. A breach would open 3897.25 next, the Mar 20 low. Key short-term resistance is at 4073.75, the Mar 22 high.
  • EUROSTOXX 50 futures remain below last week’s 4164.00 high (Mar 22). The recent pullback threatens the recent bull theme and signals the end of what appears to have been a corrective bounce. A resumption of weakness would open 4009.50, 61.8% of the Mar 20 22 rally. A move below the 4000.00 handle would expose 3914.00, the Mar 21 low and bear trigger. Key short-term resistance is 4164.00, the Mar 22 high. A break would be bullish.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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