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Price Signal Summary - Key Support In EUROSTOXX 50 Futures Gives Way

OUTLOOK
  • S&P E-Minis maintain a softer tone and the contract continues to trade below resistance at the 50-day EMA, at 4417.54. A clear breach of this average is required to strengthen bullish conditions and this would open 4482.75, trendline resistance drawn from the Jul 27 high. On the downside, a deeper pullback would open 4235.50, the Oct 4 low and bear trigger. A break of this support would confirm a resumption of the downtrend.
  • A bearish theme in EUROSTOXX 50 futures remains in play and this week’s move lower reinforces bearish conditions. The contract has traded through support at 4082.00, the Oct 4 low and a bear trigger. This confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. The focus is on 4034, the Mar 24 low (cont). Initial resistance is at 4178.80, the 20-day EMA.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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