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Price Signal Summary - EUROSTOXX50 Futures Rally And Clear Key Resistance

OUTLOOK
  • In the equity space, the uptrend in S&P E-Minis remains intact and this week’s move higher has reinforced current conditions. Resistance at 4841.50, the Dec 28 high has recently been cleared, confirming an extension of the price sequence of higher highs and higher lows. Moving average studies remain in a bull-mode condition, highlighting positive market sentiment. Sights are on 4952.45 next, the 1.382 projection of Nov 10 - Dec 1 - 7 price swing. Key support lies at 4729.00, the 50-day EMA. Initial support is at 4813.28, the 20-day EMA.
  • EUROSTOXX 50 futures have recovered this week from 4402.00, the Jan 17 low, and the contract is climbing once again today. Key resistance at 4634.00, the Dec 14 high, has been cleared. The breach of this hurdle confirms a resumption of the medium-term uptrend and opens 4662.90, a Fibonacci projection. Initial support lies at 4508.80, the 20-day EMA. Key trend support has been defined at 4402.00, the Jan 17 low.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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