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• RES 4: 5575.00 High Mar 3 and a major resistance (cont) 
• RES 3: 5526.00 High Mar 19 / 20 (cont)
• RES 2: 5486.00/88.00 High May 20 and a bull trigger / High Jul 10
• RES 1: 5449.00 High Jul 27   
• PRICE: 5364.00 @ 06:21 BST Jul 29 
• SUP 1: 5292.00 Low Jul 22   
• SUP 2: 5281.00/5194.00 Low Jul 1 & 4 / Low Jun 23 and bear trigger
• SUP 3: 5138.00 High Apr 30 
• SUP 4: 5078.00 Low Apr 30  

The trend condition in Eurostoxx 50 futures remains bullish and short-term weakness for now, appears corrective. Support at 5281.00, the Jul 1 / 4 low, remains intact. A clear break of this level would strengthen a bearish threat. For bulls, a resumption of gains would refocus attention on key resistance and the bull trigger at 5486.00, the May 20 high. It has recently been pierced, a clear breach of it would resume the bull cycle and open 5500.00.

• RES 4: 0.8835 High May 3 2023  
• RES 3: 0.8800 Round number resistance
• RES 2: 0.8781 2.236 pro of the Mar 3 - 11 - 28 price swing
• RES 1: 0.8769 High Jul 27 and the bull trigger 
• PRICE: 0.8680 @ 06:33 BST Jul 29
• SUP 1: 0.8666/49 Low Jul 28 / 20- day EMA
• SUP 2: 0.8581 50-day EMA 
• SUP 3: 0.8540 Low Jun 30 
• SUP 4: 0.8508 Low Jun 27

EURGBP reversed sharply lower from Monday’s intraday high. For now, the trend set-up remains bullish, however, Monday’s price pattern - a bearish engulfing candle - does signal a potential short-term reversal. A continuation lower would expose support at the 20-day EMA, at 0.8649. Clearance of this average would signal scope for a deeper retracement. For bulls, a move through 0.8769, the Jul 27 high, would confirm a resumption of the uptrend.

• RES 4: 107.360 High Jul 22 and a key resistance  
• RES 3: 107.273 50-day EMA
• RES 2: 107.233 20-day EMA 
• RES 1: 107.205 Low Jul 18
• PRICE: 107.140 @ 06:06 BST Jul 29
• SUP 1: 107.010 Low Jul 25 and a bear trigger 
• SUP 2: 107.993 1.500 proj of the Jul 7 - 11 - 22 price swing 
• SUP 3: 106.964 1.618 proj of the Jul 7 - 11 - 22 price swing
• SUP 4: 106.928 1.764 proj of the Jul 7 - 11 - 22 price swing

Schatz futures traded sharply lower last week resulting in a break of key short-term support at 107.120, the Jul 11 low and a bear trigger. However, the contract has recovered from Friday’s low and recent price patterns highlight a potential base. A continuation higher would expose resistance at the 20-day EMA, at 107.233. The 50-day EMA is at 107.273. On the downside, key support and the bear trigger has been defined at 107.010, the Jul 25 low.