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Eurostoxx: Support At The 2 Week Low At 3534/30

Published 06/08/2017, 06:27 AM
Updated 07/09/2023, 06:31 AM

Eurostoxx Chart

Euro Stoxx support at the 2 week low at 3534/30 but below here targets the May low at 3507. There is reasonable support down to 3500 for profit taking on shorts but longs look too risky. I would not rule out a dip as far as 3485/80.

With so much sideways trading the levels are becoming blurred. We have held a 100 tick range from 3507-3610 for 3 weeks. First resistance at 3565/70. Above here targets 3579/80 and a small gap to fill at 3592. Further gains meet last week's high at 3610 before the mid-May high at 3626/29. If we continue higher look for a test of the high this year at 3645/47.

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