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(Z3) Holding On To Its Recent Gains

EUROSTOXX50 TECHS
  • RES 4: 4359.00 High Sep 15 and key resistance
  • RES 3: 4329.80 61.8% retracement of the Jul 31 - Oct 27 bear leg
  • RES 2: 4300.00 Round number resistance
  • RES 1: 4256.00 High Oct 12 and a key resistance
  • PRICE: 4219.00 @ 06:30 GMT Nov 13
  • SUP 1: 4153.90/4001.00 20-day EMA / Low Oct 27 and bear trigger
  • SUP 2: 3979.00 1.00 proj of the Sep 15 - Oct 4 - Oct 12 price swing
  • SUP 3: 3914.00 Low Mar 20 (cont)
  • SUP 4: 3873.20 1.382 proj of the Sep 15 - Oct 4 - Oct 12 price swing

A short-term bull cycle in Eurostoxx 50 futures remains intact and the contract is holding on to its recent gains. Price has recently traded through resistance at both the 20- and 50-day EMAs. The clear break of the 50-day EMA, at 4186.70, signals scope for a stronger bull cycle and opens 4256.00, the Oct 12 high. On the downside, key support and the bear trigger lies at 4001.0, the Oct 27 low. Initial support is at 4153.90, 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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