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(Z1) Bull Trigger Remains Exposed

EUROSTOXX50 TECHS
  • RES 4: 4300.00 Round number resistance
  • RES 3: 4223.00 High Sep 6 and the bull trigger
  • RES 2: 4234.50 0.764 projection of the Jul 19 - Sep 6 - 20 price swing
  • RES 1: 4200.50 High Sep 24
  • PRICE: 4152.00 @ 05:47 BST Sep 28
  • SUP 1: 4118.20 50-day EMA
  • SUP 2: 4047.00/3974.00 Low Sep 22 / Low Sep 20 and bear trigger
  • SUP 3: 3962.50 76.4% retracement of the Jul 19 - Sep 6 rally
  • SUP 4: 3941.50 Low Jul 21

EUROSTOXX 50 futures are holding onto gains following last week's reversal of recent weakness and the bounce from 3970.00, Sep 20 low. Importantly, price has traded above former resistance at 4184.00 Sep 17 high paving the way for a test and potentially a break of key resistance at 4223.00, Sep 6 high. A breach of this hurdle would confirm a resumption of the underlying uptrend. Key support is unchanged at 3974.00.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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