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(Z2) Remains Below The 50-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 3692.00 High Aug 26
  • RES 3: 3678.00 High Sep 13 and bull trigger
  • RES 2: 3539.10 Trendline resistance drawn from the Aug 17 high
  • RES 1: 3492.00/3493.90 High Oct 6 / 50-day EMA
  • PRICE: 3334.00 @ 05:50 BST Oct 11
  • SUP 1: 3325.00 Low Oct 10
  • SUP 2: 3236.00/3229.00 Low Oct 3 / Low Nov 9 2020 (cont)
  • SUP 3: 3163.00 Low Nov 6 2020
  • SUP 4: 3143.20 1.382 proj of the Aug 17 - Sep 5 - 13 price swing

EUROSTOXX 50 futures faced resistance last week at 3492.00 on Oct 6. This also highlights the fact that the 50-day EMA, at 3493.90, remains intact and continues to provide resistance. The broader trend direction remains down and a continuation lower would open the key support and bear trigger at 3236.00, the Oct 3 low. For bulls, a break above the 50-day EMA is required to highlight a stronger trend reversal.

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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