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(U3) Eyeing Key Resistance

EUROSTOXX50 TECHS
  • RES 4: 4489.00 1.50 proj of the May 31 - Jun 5 - 7 price swing
  • RES 3: 4474.40 1.382 proj of the May 31 - Jun 5 - 7 price swing
  • RES 2: 4448.00 High Jan 2008 (cont)
  • RES 1: 4438.00 High Jun 16
  • PRICE: 4398.00 @ 05:57 BST Jun 19
  • SUP 1: 4354.10/4303.00 20-day EMA / Low Jun 7
  • SUP 2: 4242.00 Low May 31 and the bear trigger
  • SUP 3: 4200.00 Round number support
  • SUP 4: 4150.00 Low Mar 29

Eurostoxx 50 futures traded higher Friday. Resistance at 4380.00, the May 29 high, was cleared last week, and key resistance at 4434.00, the May 19 high, has been pierced. A clear break of this hurdle would represent an important bullish development and open 4448.00, the Jan 2008 high (cont). Moving average studies remain in bull-mode condition highlighting an uptrend. Initial firm support to watch is at 4303.00, the Jun 7 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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