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Technical Forecast for Eurostoxx

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Technical Forecast for Eurostoxx
Euro Stoxx Sep13 edged higher to 2860 in a quiet session. Just cannot fight this trend so the target of 2883/93 is always achievable. We are drastically overbought so watch for a high for the day here. However be aware that a break higher could target 2919/23. 
 
Support at 2837 held the downside perfectly but below here is less positive & could trigger a drift lower to 2824/22. We then have trend line support here today so a low for the day is expected. However a break lower could target 2806/02. Just be aware that a close below the trend line would be a short term negative in to the end of the week.

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Posted-In: Eurozone Technicals Markets Trading Ideas

 

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