EuroStoxx50 Technical Analysis

The 3529.1 support confirmed significance with the index bouncing from just ahead of this level to see pressure return to recent 2015 and 6+ year highs. Bears now need a close below 3529.1 to confirm a break back below the daily trend line extension and an easing of bullish pressure. Overall bears now look for a close below the 21-DMA to hint at a deeper correction targeting the 3308.4-3321.6 region where the 55-DMA is located.
RES 4: 3790.5 High May 30 2008
RES 3: 3662.3 Low June 5 2008 now resistance
RES 2: 3630.5 Bollinger band top
RES 1: 3608.0 2015 High Mar 2
PREVIOUS CLOSE: 3583.3
SUP 1: 3529.1 Low Feb 25
SUP 2: 3495.3 High Feb 19 now support
SUP 3: 3476.9 21-DMA
SUP 4: 3439.2 Low Feb 19