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(Z1) Trend Condition Remains Bullish

EUROSTOXX50 TECHS
  • RES 4: 4448.00 High Jan 2, 2008 (cont)
  • RES 3: 4400.00 Round number resistance
  • RES 2: 4371.00 1.236 proj of Jul 19-Sep 6-Oct 6 2020 swing (cont)
  • RES 1: 4367.00 High Nov 5
  • PRICE: 4354.00 @ 05:59 GMT Nov 12
  • SUP 1: 4223.50 High Sep 6 and a recent breakout level
  • SUP 2: 4186.30 50-day EMA
  • SUP 3: 4004.00 / 3949.50 Low Oct 12 / Low Oct 6 and bear trigger
  • SUP 4: 3902.50 Low Jul 20

EUROSTOXX 50 futures uptrend remains intact and the recent pullback is considered corrective and appears to be a shallow correction. The recent breach of 4223.00, Sep 6 high and a former bull trigger strengthens the bullish theme. The break confirmed a resumption of the uptrend and has exposed 4371.00, a Fibonacci projection. The 50-day EMA, at 4186.30, remains a key support. A break would signal a potential 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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