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(Z2) Maintains A Firmer Tone

EUROSTOXX50 TECHS
  • RES 4: 3810.00 High Aug 17
  • RES 3: 3692.00 High Aug 26
  • RES 2: 3678.00 High Sep 13 and a key resistance
  • RES 1: 3617.00 High Oct 26
  • PRICE: 3578.00 @ 06:29 BST Oct 28
  • SUP 1: 3488.50 50-day EMA
  • SUP 2: 3418.00 Low Oct 21
  • SUP 3: 3352.00 Low Oct 14
  • SUP 4: 3251.00/3236.00 Low Oct 13 / 3 and a key support zone

EUROSTOXX 50 futures maintain a firmer tone following this week’s gains. A number of key resistance levels have recently been cleared. Price is through trendline resistance drawn from the Aug 17 high and is trading above the 50-day EMA. This signals scope for an extension higher near-term and sights are on 3678.00, the Sep 13 high and a key short-term resistance. Firm support is seen at the 50-day EMA. The average intersects at 3488.50.

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