EUROSTOXX50 TECHS: (H6) Bullish Trend Condition

• RES 4: 158.87 High Jan 10 and a key resistance
• RES 3: 158.29 2.618 projection of the Sep 17 - 26 - Oct 1 price swing
• RES 2: 158.00 Round number resistance 
• RES 1: 157.89 High Nov 20 and bull trigger 
• PRICE: 156.73 @ 06:45 GMT Dec 10
• SUP 1: 155.51/154.35 20-day EMA / Low Dec 5 
• SUP 2: 153.71 50-day EMA  
• SUP 3: 152.82 Low Nov 7 
• SUP 4: 151.54 Low Oct 29 

Recent weakness in USDJPY appears to have been a correction and the recovery from last Friday’s low signals the end of the corrective phase. Moving average studies are in a bull-mode position highlighting a dominant medium-term uptrend. Sights are on the 158.00 handle. Key short-term support to watch lies at the 50-day EMA at 153.71. A clear breach of the average would signal scope for a deeper retracement.

• RES 4: $64.227 - 1.764 proj of the Oct 28 - Nov 13 - 21 price swing 
• RES 3: $62.937 - 1.618 proj of the Oct 28 - Nov 13 - 21 price swing
• RES 2: $61.895 - 1.500 proj of the Oct 28 - Nov 13 - 21 price swing
• RES 1: $61.480 - Intraday high    
• PRICE: $61.331 @ 06:40 GMT Dec 10
• SUP 1: $54.995 - 20-day EMA  
• SUP 2: $51.219/48.644 - 50-day EMA / Low Nov 21 
• SUP 3: $45.557 - Low Oct 28
• SUP 4: $41.135 - Low Sep 17 

Trend signals in Silver remain bullish and the week’s push to fresh cycle highs reinforces current conditions. The metal has traded through the psychological $60.00 handle and this paves the way for an extension towards $61.895, a Fibonacci projection. Moving average studies are in a bull-mode position reinforcing current bullish conditions. Initial key support lies at $54.995, the 20-day EMA.

Italy is still due to sell bills this week, while Germany, the Netherlands, France, Spain and Belgium have already come to the market. We expect issuance to be E25.3bln in first round operations, down from E28.0bln last week.

• This morning, Italy will look to come to the market with E9.0bln of the new 12-month Dec 14, 2026 BOT.