Bull Cycle in EUROSTOXX50 Futures Intact
Mar-03 15:29By: Taso Anastasiou
- The trend in the Eurostoxx 50 futures contract remains bullish and this week’s strong start reinforces current conditions.
- The rally has resulted in a fresh all-time cycle high, with price piercing resistance at 5555.00, the Feb 18 high.
- This maintains the price sequence of higher highs and higher lows and paves the way for an extension near-term.
- The first key short-term support has been defined at 5394.00, the Feb 28 low
- The 50-day EMA represents an important medium-term support
