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(Z1) Support Exposed Once Again

EUROSTOXX50 TECHS
  • RES 4: 4420.80 1.382 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 3: 4409.50 High Nov 18 and the bull trigger
  • RES 2: 4289.00/4311.70 High Dec 8 / 76.4% of Nov 18 - 30 downleg
  • RES 1: 4251.00 High Dec 16
  • PRICE: 4172.00 @ 05:31 GMT Dec 17
  • 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 failed to hold onto yesterday’s high of 4251.00 and the contract is lower today. Key near-term support lies at 4134.50, Dec 14 low where a break would signal scope for an extension lower and expose 4053.50, the Dec 3 low. Major support lies at 3995.00, Nov 30 low. For bulls, clearance of yesterday’s high would be encouraging and this would set the scene for a climb towards 4289.00, the Dec 8 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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