Market: Eurex EURO STOXX 50 Index Futures, $FESX_F
Trading Levels: 2480/2510
Target: 2430
Yesterday the $FESX_F has been rejected by our resistance at 2510, an initial weakness is expected after the Eurogroup meeting failure, although buyers could step in around the 2480 mark.
The lighthouse will be the $EURUSD which plumped from 1.2800$ to 1.2750$ during the Asian session, if the cross will regain the 1.2800$ shorts have to be avoided. Probabilities of a good short setup will increase when the common currency will trade out of the up-rising channel toward the 1.2700$.
Originally posted at www.77sigmatrading.com
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