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(Z2) Trend Condition Remains Bullish

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: 4037.00/4049.50 High Dec 13 / High Feb 23 (cont)
  • PRICE: 3961.00 @ 05:43 GMT Dec 15
  • SUP 1: 3903.00/3840.00 Low Dec 8 and a key support / Low Nov 17
  • SUP 2: 3810.00 High Aug 17
  • SUP 3: 3784.90 50-day EMA
  • SUP 4: 3697.00 Low Nov 10

The EUROSTOXX 50 futures climb on Tuesday, resulted in a print above resistance at 4021.00, Dec 1 high. Despite having since pulled back, the move reinforces bullish conditions and a clear breach of 4021.00 would confirm a resumption of the uptrend and open 4049.50, the Feb 23 high (cont). Key short-term support has been defined at 3903.00, the Dec 8 low, where a break would instead highlight a possible short-term reversal.

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

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