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(U1) Pivot Resistance Remains Intact

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: 4071.50 High Jul 22
  • PRICE: 4060.50 @ 05:53 BST Jul 23
  • SUP 1: 3944.00/3895.00 Low Jul 19
  • SUP 2: 3871.00 Low Jul 21 / Low May 19
  • SUP 3: 3830.00 Low May 13 and a key support
  • SUP 4: 3779.00 Low Mar 26

EUROSTOXX 50 futures maintain this week's recovery and are trading close to yesterday's high. Key near-term resistance is seen at 4101.50, Jul 1 high. While this level remains intact, recent gains are considered corrective. A break higher is required to strengthen a bullish case and this would suggest scope for a climb towards the Jun 17 high of 4153.00. A reversal lower would expose Monday's low of 3895.00.

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

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