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(U2) Trend Needle Still Points North

EUROSTOXX50 TECHS
  • RES 4: 3902.00 High Mar 29 and a key resistance
  • RES 3: 3855.00 High Apr 21
  • RES 2: 3840.00 High Jun 6 and key resistance
  • RES 1: 3806.00 High Jun 8
  • PRICE: 3799.00 @ 05:32 BST Aug 16
  • SUP 1: 3691.00 Low Aug 10
  • SUP 2: 3631.40/3553.00 50-day EMA / Low Jul 26
  • SUP 3: 3467.00 Low Jul 18 / 19
  • SUP 4: 3343.00 Low Jul 5 and the bear trigger

Recent gains in EUROSTOXX 50 have confirmed a resumption of the current uptrend. The move higher maintains the bullish price sequence of higher highs and higher lows and attention is on resistance at 3840.00, the Jun 6 high. A break of this hurdle would strengthen bullish conditions. On the downside, key support is seen at the 50-day EMA which intersects at 3631.40. A break would signal a possible reversal.

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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