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(Z1) Approaching Resistance

EUROSTOXX50 TECHS
  • RES 4: 4385.00 1.236 proj of Mar 19- Jul 21-Oct 30 2020 swing (cont)
  • RES 3: 4290.50 1.00 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 2: 4223.00 High Sep 6 and the bull trigger
  • RES 1: 4200.50 High Sep 24
  • PRICE: 4185.00 @ 06:00 BST Oct 26
  • SUP 1: 4109.30 50-day EMA
  • SUP 2: 4004.00 / 3949.50 Low Oct 12 / Low Oct 6 and bear trigger
  • SUP 3: 3902.50 Low Jul 20
  • SUP 4: 3882.00 Low Jul 19 and a key support

EUROSTOXX 50 futures are holding onto recent gains - the contract broke out of its recent range Friday. The outlook remains bullish following the breach of its 50-day EMA and this, together with the break of a number of resistance points has exposed 4200.50, the Sep 24 high. Above 4200.50 is the major resistance and bull trigger at 4223.00, Sep 6 high. On the downside, the 50-day EMA, at 4109.30 today, marks initial support.

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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