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(Z1) Fresh Trend Highs

EUROSTOXX50 TECHS
  • RES 4: 4400.00 Round number resistance
  • RES 3: 4385.00 1.236 proj of Mar 19- Jul 21-Oct 30 2020 swing (cont)
  • RES 2: 4290.50 1.00 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 1: 4284.00 High Nov 1
  • PRICE: 4269.50 @ 05:52 GMT Nov 2
  • SUP 1: 4178.00/4131.70 Low Oct 29 / 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 traded higher once again Monday and started the week on a firm note. The contract has cleared former key resistance at 4223.00, the Sep 6 high and a key bull trigger. The break of this hurdle confirms a resumption of the underlying uptrend and opens 4290.50, a Fibonacci projection. On the downside, the 50-day EMA, at 4131.70 today, remains a key support. A break would signal a potential short-term top.

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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