(Z3) Challenging Key Support

• RES 4: 4446.00 High Aug 10
• RES 3: 4409.60 61.8% retracement of the Jul 31 - Sep 8 downleg
• RES 2: 4388.00 High Aug 30 and key resistance
• RES 1: 4288.70/4359.00 20-day EMA / High Sep 15
• PRICE: 4227.00 @ 05:51 BST Sep 25
• SUP 1: 4204.00 Low Sep 22
• SUP 2: 4163.00 1.00 proj of the Aug 10 - 18 - 30 price swing
• SUP 3: 4142.80 61.8% retracement of the Mar 20 - Jul 31 climb (cont)
• SUP 4: 4109.90 1.236 proj of the Aug 10 - 18 - 30 price swing

Eurostoxx 50 futures maintain a softer tone following last week’s move lower. Attention is on key near-term support at 4210.00, the Sep 8 low. This level has been pierced, a clear break would confirm a resumption of the downtrend that started late July and pave the way for a move towards 4163.00, a Fibonacci projection. Key short-term resistance has been defined at 4359.00, the Sep 15 high. A break would be bullish.