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EURUSD TECHS

Recovering From Monday’s Low

SCHATZ TECHS

(Z2) Resistance Remains Intact - For Now

BOBL TECHS

(Z2) Watching Resistance At The 50-Day EMA

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(Z2) Continues To Climb

EUROSTOXX50 TECHS
  • RES 4: 4132.60 76.4/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • RES 3: 4049.50 High Feb 23 (cont)
  • RES 2: 4000.00 Psychological round number
  • RES 1: 3961.20 61.8/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • PRICE: 3946.00 @ 05:38 GMT Nov 23
  • SUP 1: 3810.00/3697.00 High Aug 17 / Low Nov 10
  • SUP 2: 3636.80 50-day EMA
  • SUP 3: 3562.00 Low Nov 3
  • SUP 4: 3418.00 Low Oct 21

A bullish EUROSTOXX 50 futures outlook remains intact and the contract traded higher Tuesday. This maintains the recovery that started in early October and marks an extension of the bullish price sequence of higher highs and higher lows. The recent break of resistance at 3810.00, Aug 17 high, strengthened the case for bulls. The focus is on 3961.20, a Fibonacci retracement. Initial firm support lies at 3697.00, the Nov 10 low.

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  • RES 4: 4132.60 76.4/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • RES 3: 4049.50 High Feb 23 (cont)
  • RES 2: 4000.00 Psychological round number
  • RES 1: 3961.20 61.8/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • PRICE: 3946.00 @ 05:38 GMT Nov 23
  • SUP 1: 3810.00/3697.00 High Aug 17 / Low Nov 10
  • SUP 2: 3636.80 50-day EMA
  • SUP 3: 3562.00 Low Nov 3
  • SUP 4: 3418.00 Low Oct 21

A bullish EUROSTOXX 50 futures outlook remains intact and the contract traded higher Tuesday. This maintains the recovery that started in early October and marks an extension of the bullish price sequence of higher highs and higher lows. The recent break of resistance at 3810.00, Aug 17 high, strengthened the case for bulls. The focus is on 3961.20, a Fibonacci retracement. Initial firm support lies at 3697.00, the Nov 10 low.