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(Z2) Remains Above The 20-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4250.00 High Feb 2 (cont)
  • RES 3: 4230.50 High Feb 10 (cont)
  • RES 2: 4132.60 76.4/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • RES 1: 4021.00/4049.50 High Dec 1 / High Feb 23 (cont)
  • PRICE: 3920.00 @ 05:40 GMT Dec 12
  • SUP 1: 3900.90/3840.00 20-day EMA / Low Nov 17
  • SUP 2: 3810.00 High Aug 17
  • SUP 3: 3770.70 50-day EMA
  • SUP 4: 3697.00 Low Nov 10

EUROSTOXX 50 futures trend conditions are bullish and the recent pullback is considered corrective - for now. Recent high prints confirmed an extension of the uptrend that started in early October and this maintains the price sequence of higher highs and higher lows. The recent break of 3810.00, Aug 17 high, has also strengthened the case for bulls. The focus is on 4049.50, Feb 23 high (cont). First support to watch is 3896.50, the 20-day EMA.

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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