DJ Eurostoxx 50 Sept Futures:
1st Support 2227,
it has been a busy level in the previous days, keep an eye on the Eur/$ futures to confirm the trade side.
2nd Support 2219/2215,
2215 yesterday low, it has been marked on a stop hunting move, a breakout of this level can drive the market down to 2170, to close the 29th of June Gap
1st Resistance 2259, yesterday high
2nd Resistance 2277, 100 period Ema.
It's important to use cross market analysis for your trade selection, therefore keep on eye on the Eur/$ and sector wise to the FESB, Stoxx banks.
The banking sector has already closed the 29th of June gap.!!!
Originally posted at www.77sigmatrading.com
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