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Price Signal Summary - EUROSTOXX50 Futures Continue To Climb

OUTLOOK
  • In the equity space, S&P E-Minis traded higher Monday but failed to hold on to the session high. Key resistance at 3918.27, the 50-day EMA, has been breached. A continuation higher and a clear break of this EMA would suggest potential for a stronger recovery and highlight a possible reversal that would open 4000.00 next. On the downside, the bear trigger is 3788.50, the Dec 22 low.
  • EUROSTOXX 50 futures bullish conditions remain intact and the contract is trading higher today. Futures have cleared resistance at 4043.00, the Dec 13 high and a bull trigger. The break represents a key short-term positive development and paves the way for gains to 4132.60 next, 76.4/% of the Nov ‘21 - Oct ‘22 bear leg. Initial firm support lies at 3927.00, the 20-day EMA.
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Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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