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(U1) Bear Cycle Still In Play

EUROSTOXX50 TECHS
  • RES 4: 4153.00 High Jun 17 and bull trigger
  • RES 3: 4121.00 High Jun 25
  • RES 2: 4101.50 High Jul 1 and key near-term resistance
  • RES 1: 4006.50 High Jul 19
  • PRICE: 3953.50 @ 05:47 BST Jul 21
  • SUP 1: 3895.00 Low Jul 19
  • SUP 2: 3871.00 Low May 19
  • SUP 3: 3830.00 Low May 13 and a key support
  • SUP 4: 3779.00 Low Mar 26

EUROSTOXX 50 futures remain bearish despite the recovery from Monday's low. The contract last week failed to challenge resistance at 4101.50, Jul 1 high and the subsequent sell-off has resulted in a resumption of the bear cycle from Jun 17. 3951.50, Jul 8 low has been breached. This signals scope for weakness towards 3871.00, May 19 low ahead of key support at 3830.00, May 13 low. Initial resistance is at Monday's 4006.50 high.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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