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Technical Forecast for Eurostoxx

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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


2620.


 


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.

The following 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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