Technical Forecast for Eurostoxx
Euro Stoxx failed at 2725/29 resistance & took a huge tumble breaking 2669/65 to bottom at 2648. If we continue lower today we meet very good support at 2638/32 which should offer a
good buying opportunity with the 200 week moving average at 2625 so we need stops below
If we can hold 2670/65 we meet trend line resistance at 2695/99 but above 2710 could signal
further gains to 2725/29. A high for the day is likely here but a break higher could target
2748/50 & possibly 2768/72.
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