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(Z1) Pulls Away From Recent Highs

EUROSTOXX50 TECHS
  • RES 4: 4300.00 Round number resistance
  • RES 3: 4234.50 0.764 projection of the Jul 19 - Sep 6 - 20 price swing
  • RES 2: 4223.00 High Sep 6 and the bull trigger
  • RES 1: 4092.50/4200.50 50-day EMA / High Sep 24
  • PRICE: 4024.50 @ 05:55 BST Oct 12
  • SUP 1: 3949.50 Low Oct 6 and the bear trigger
  • SUP 2: 3902.50 Low Jul 20
  • SUP 3: 3882.00 Low Jul 19 and a key support
  • SUP 4: 3856.40 1.382 proj of the Sep 6 - Sep 20 - Sep 24 price swing

EUROSTOXX 50 futures have pulled away from recent highs and price action has failed to challenge resistance around the 50-day EMA. A bearish risk remains present. The contract recently traded below 3974.00, Sep 20 low. A clear break of this support would strengthen a bearish case and open 3882.00, Jul 19 low. Price needs to clear 4092.50, the 50-day EMA to ease the current bearish threat. This would open 4200.50, Sep 24 high.

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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