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Euro STOXX 50 Future Top And Bear Risks Fully Intact

Published 07/10/2014, 03:27 AM
Updated 12/12/2023, 05:55 AM

Euro Stoxx 50: European benchmark aims lower for 3163 and 3126 retrace targets

A low level digestion Wednesday of the Tuesday plunge below the 3207 late June low, the key retrace at 3200 and the bull gap at 3196-92.

The risk remains for a deeper correction into mid-July to challenge further retrace targets at 3163 and maybe 3126.

Overshoot threat is to 3090/85 area and maybe 3073.

We would look for barriers at 3211/13 and 3228 to try to cap upside rebound efforts.

WHAT CHANGES THIS?

Above 3211/13 eases bear risks; through 3239 signals a neutral tone, only shifting positive above 3291.

Download full report, levels and screencast here:

4 Hour Euro STOXX 50 Future Chart

Daily Euro STOXX 50 Future

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