Technical Forecast for Eurostoxx
Euro Stoxx headed higher as expected but beat our upper resistance at 2702/07 to top at 2719. A sharp sell off followed & we have support at 2678 then 2668/65 for a buying opportunity today. Exit shorts & try longs from here down to the gap at 2659 with a low for the day expected but we need stops below 2647.
Back above 2702 is more positive & the daily chart is quite bullish so we would be looking for a retest of yesterday’s high at 2719 with a break higher very possible. Next target is 2730/34 & we should struggle here today.
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