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(U1) Trades Through Pivot Resistance

  • RES 4: 4218.00 1.00 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 3: 4153.00 High Jun 17 and bull trigger
  • RES 2: 4121.00 High Jun 25
  • RES 1: 4111.50 High Jul 23
  • PRICE: 4081.50 @ 05:58 BST Jul 26
  • SUP 1: 4029.50 High Jul 22
  • SUP 2: 3944.00/3895.00 Low Jul 19
  • SUP 3: 3871.00 Low Jul 21 / Low May 19
  • SUP 4: 3830.00 Low May 13 and a key support

EUROSTOXX 50 futures traded higher again Friday as the equity space rallied. A bullish short-term theme remains intact and price has traded through a key near-term resistance at 4101.50, Jul 1 high. The break of this level puts on hold a recent bearish outlook and instead signals scope for a stronger recovery. Attention shifts to the 4153.00 key resistance, the Jun 17 high. Key support has been defined at 3895.00

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