Technical Forecast for Eurostoxx

Euro Stoxx failed at 2725/29 resistance & took a huge tumble breaking 2669/65 to bottom at 2648. If we continue lower today we meet very good support at 2638/32 which should offer a

good buying opportunity with the 200 week moving average at 2625 so we need stops below

2620.

 

If we can hold 2670/65 we meet trend line resistance at 2695/99 but above 2710 could signal

further gains to 2725/29. A high for the day is likely here but a break higher could target

2748/50 & possibly 2768/72.