The Eur/$ Futures is still trending downward, it will be quite important to see the future's behaviour at 1.2222$ and in the 1.2270$-1.2280$ area. The breakout of these two levels or regions will activate a reaction in the Equity futures' market.
DJ Eurostoxx50 Sept Future:
- 2227 – Support, a breakout will drive the market down to 2200 area and subsequently to close the 29th of June Gap @ 2170
- 2253- Resistance, yesterday high, multiple times the market tried to break the 50 level, but sellers were outpacing buyers. We need to be really careful to play this level cause a breakout can be violent with target :2278
Keep an eye on the FESB for confirmation on the market side to play.
Originally posted at www.77sigmatrading.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in