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(Z2) Bullish And Has Cleared Trendline Resistance

EUROSTOXX50 TECHS
  • RES 4: 3692.00 High Aug 26
  • RES 3: 3678.00 High Sep 13 and a key resistance
  • RES 2: 3590.00 High Oct 26
  • RES 1: 3585.00 High Sep 14
  • PRICE: 3581.00 @ 08:34 BST Oct 26
  • SUP 1: 3418.00 Low Oct 21
  • SUP 2: 3352.00 Low Oct 14
  • SUP 3: 3251.00/3236.00 Low Oct 13 / 3 and a key support zone
  • SUP 4: 3305.00 Low Oct 11

EUROSTOXX 50 futures maintain a firmer tone and the contract is holding on to its recent gains. The recent move higher has resulted in a break of both the 50-day EMA and resistance at 3492.00, the Oct 6 high and a bull trigger. Price has also breached trendline resistance drawn from the Aug 17 high. The trendline intersects at 3469.60 and the breach strengthens bullish conditions. Initial firm support is at 3418.00, the Oct 14 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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