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(U3) Trend Outlook Remains Bearish

EUROSTOXX50 TECHS
  • RES 4: 4513.00 High Jul 31 and the bull trigger
  • RES 3: 4420.00 High Aug 10
  • RES 2: 4358.00 Aug 30 high
  • RES 1: 4278.60/4309.60 20- and 50-day EMA values
  • PRICE: 4222.00 @ 05:47 BST Sep 13
  • SUP 1: 4177.40 61.8% retracement of the Mar 20 - Jul 31 bull leg
  • SUP 2: 4122.00 Low Mar 28
  • SUP 3: 4098.10 76.4% retracement of the Mar 20 - Jul 31 bull leg
  • SUP 4: 4040.00 Low Mar 27

A bear cycle in Eurostoxx 50 futures remains in play and the recent recovery is considered corrective. Price has recently pierced key support at 4187.00, the Aug 18 low and a bear trigger. A clear break of this level would strengthen bearish conditions and open 4177.40 next, a Fibonacci retracement. Key resistance has been defined at 4358.00, the Aug 30 high. Initial firm resistance is seen at 4278.60, the 20-day EMA.

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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