Game Plan 16/07/12

by 77 Sigma Trading, Benzinga Contributor

July 16, 2012 2:32 AM | 1 min read | Make a Comment

DJ Eurostoxx50 Sept Future:

2259/2262 Resistance area, a breakout could lead to 2275/2278 as first target and afterwards to 2320
2240/2235 Support area, a breakout will have 2220 as 1st Target, and 2209 as 2nd Target.

Eur/$ Sept Future

1.2240$ has been the support during the Asian session a breakout will drive the cross to 1.2180
1.2270$, 1st Resistance, if the resistance is cleared out 1.2300$ target can be reached.

Keep an eye on the FESB, Stoxx Banks Sector for confirmation of your hypothesis on your levels. It's trading in 8 index points range since the beginning of June.