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Price Signal Summary - EUROSTOXX50 Futures Breach Support At The 20-Day EMA

OUTLOOK
  • In the equity space, S&P E-Minis rallied Thursday to erase the sell-off earlier this week. A continuation higher would expose key resistance and the bull trigger at 4198.25, the Apr 18 high. Clearance of this level would confirm a resumption of the uptrend that started Mar 13. On the downside, key short-term support has been defined at 4068.75, the Apr 26 low.
  • A key short-term support in EUROSTOXX 50 futures at 4282.10 has been breached - the 20-day EMA. This highlights an extension of the pullback from 4363.00, the Apr 21 high and a key resistance. A continuation lower would signal scope for weakness towards 4210.40, the 50-day EMA. On the upside, a break of 4363.00 is required to cancel any developing bearish threat and highlight a resumption of the uptrend.
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Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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