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(U2) Consolidation Mode

EUROSTOXX50 TECHS
  • RES 4: 3722.70 76.4% retracement of the Jun 6 - Jul 5 downleg
  • RES 3: 3689.00 High Jun 10
  • RES 2: 3650.10 61.8% retracement of the Jun 6 - Jul 5 downleg
  • RES 1: 3620.00 High Jul 22
  • PRICE: 3579.00 @ 05:24 BST Jul 27
  • SUP 1: 3525.60/3467.00 Low Jul 26 / Low Jul 18 / 19
  • SUP 2: 3343.00 Low Jul 5 and the bear trigger
  • SUP 3: 3321.30 50.0% of the major 2020 - 2021 upleg (cont)
  • SUP 4: 3300.00 Round number support

EUROSTOXX 50 futures are unchanged and the contract continues to consolidate. The short-term outlook remains bullish and the current pause in the bull cycle appears to be a bull flag. If correct, this reinforces short-term bullish conditions and suggests scope for a stronger recovery towards 3689.00, the Jun 10 high. The key support and bear trigger is unchanged at 3343.00, Jul 5 low. Initial support is at 3467.00, the Jul 18 / 19 low.

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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