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(Z2) Remains Soft

EUROSTOXX50 TECHS
  • RES 4: 3810.00 High Aug 17 and key resistance zone
  • RES 3: 3753.00 High Aug 19
  • RES 2: 3692.00 High Aug 26
  • RES 1: 3565.10/3678.00 20-day EMA / High Sep 13 and bull trigger
  • PRICE: 3494.00 @ 05:52 BST Sep 19
  • SUP 1: 3474.00/3423.00 Low Sep 16 / Low Sep 5 and bear trigger
  • SUP 2: 3360.00 Low Jul 16
  • SUP 3: 3341.00 Low Jul 5
  • SUP 4: 3300.00 Round number support

EUROSTOXX 50 futures remain soft following the reversal last week from 3678.00, Jun 13 high. This threatens the recent short-term recovery and signals the end of what has likely been a corrective cycle between Sep 5 - 13. A continuation lower would refocus attention on a key short-term support at 3423.00, the Sep 5 low. 3678.00 is the short-term bull trigger where a break would reinstate a bullish theme.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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