Market Overview

Technical Forecast for Eurostoxx

Technical Forecast for Eurostoxx


Euro Stoxx caught us out with a break of 2832/38 highs but we only made it to 2849. We fell back sharply to 2819 & if we hold below 2824 today look for 2810. Below here we meet good support at 2798/95 with a low for the day possible. However we need stops on longs below 2785 for 2768/62 & a buying opportunity.
Above 2825/30 we could try for yesterday’s high of 2846/49. Good chance of a top here again but if we continue higher look for 2866 then 2882, possibly 2893.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


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