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(U3) Approaching Key Support

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4513.00 High Jul 31 and the bull trigger
  • RES 3: 4420.00 High Aug 10
  • RES 2: 4358.00/4388.50 Aug 30 high / 61.8% Jul 31-Aug 18 downleg
  • RES 1: 4289.30 20-day EMA
  • PRICE: 4228.00 @ 05:50 BST Sep 8
  • SUP 1: 4212.00 Low Sep 7
  • SUP 2: 4187.00 Low Aug 18 and key support
  • SUP 3: 4177.40 61.8% retracement of the Mar 20 - Jul 31 bull leg
  • SUP 4: 4122.00 Low Mar 28

A bear cycle in Eurostoxx 50 futures remains in play. The contract has cleared support at 4225.00, the Aug 24 low. The break signals scope for a test of the key support at 4187.00, the Aug 18 low and bear trigger. Clearance of this level would strengthen bearish conditions. Note that moving average studies continue to highlight a downtrend. For bulls, clearance of resistance at 4358.00, the Aug 30 high, would reinstate a bullish theme.

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  • RES 4: 4513.00 High Jul 31 and the bull trigger
  • RES 3: 4420.00 High Aug 10
  • RES 2: 4358.00/4388.50 Aug 30 high / 61.8% Jul 31-Aug 18 downleg
  • RES 1: 4289.30 20-day EMA
  • PRICE: 4228.00 @ 05:50 BST Sep 8
  • SUP 1: 4212.00 Low Sep 7
  • SUP 2: 4187.00 Low Aug 18 and key support
  • SUP 3: 4177.40 61.8% retracement of the Mar 20 - Jul 31 bull leg
  • SUP 4: 4122.00 Low Mar 28

A bear cycle in Eurostoxx 50 futures remains in play. The contract has cleared support at 4225.00, the Aug 24 low. The break signals scope for a test of the key support at 4187.00, the Aug 18 low and bear trigger. Clearance of this level would strengthen bearish conditions. Note that moving average studies continue to highlight a downtrend. For bulls, clearance of resistance at 4358.00, the Aug 30 high, would reinstate a bullish theme.