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(Z1) Rebounds From Recent Lows

EUROSTOXX50 TECHS
  • RES 4: 4461.00 1.50 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 3: 4420.80 1.382 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 2: 4409.50 High Nov 18 and the bull trigger
  • RES 1: 4289.00/4311.70 High Dec 8 / 76.4% of Nov 18 - 30 downleg
  • PRICE: 4230.50 @ 05:50 GMT Dec 16
  • SUP 1: 4134.50 Low Dec 14
  • SUP 2: 4053.50/3995.00 Low Dec 3 / Low Nov 30
  • SUP 2: 3949.50 Low Oct 6 and bear trigger3:
  • SUP 4: 3882.00 Low Jul 19

EUROSTOXX 50 futures have rebounded from recent lows. A key S/T support has been defined at 4134.50, Dec 3 low. Further gains would open 4289.00, Dec 8 high where a break would reinstate the recent bullish theme and open 4311.70, a Fibonacci retracement. For bears, weakness through 4134.50 would signal scope for a deeper pullback and expose 4053.50, the Dec 3 low. Major support and the bear trigger is at 3995.00, the Nov 30 low.

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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