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(Z3) Trend Needle Points South

EUROSTOXX50 TECHS
  • RES 4: 4388.00 High Aug 30 and reversal trigger
  • RES 3: 4359.00 High Sep 15 and key resistance
  • RES 2: 4250.00/4298.80 20- and 50-day EMA values
  • RES 1: 4210.00 Low Sep 8
  • PRICE: 4184.00 @ 06:30 BST Sep 29
  • SUP 1: 4128.00 Low Sep 27
  • SUP 2: 4109.90 1.236 proj of the Aug 10 - 18 - 30 price swing
  • SUP 3: 4095.00 Low Mar 28 (cont)
  • SUP 4: 4055.40 76.4% retracement of the Mar 20 - Jul 31 bull cycle

Eurostoxx 50 futures maintain a softer tone and the latest bounce is considered corrective. This week’s extension reinforces current conditions and key support at 4210.00, the Sep 8 low, has been breached. The clear break confirms a resumption of the downtrend that started late July and opens 4109.90, a Fibonacci projection. Key short-term resistance has been defined at 4359.00, the Sep 15 high.

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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