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Euro Stoxx Holds Just Below Resistance At 3668/3662

Published 04/21/2015, 06:28 AM
Updated 07/09/2023, 06:31 AM

Euro Stoxx Weekly Chart

Euro Stoxx key to direction today is strong resistance at 3658/3662. Sell with stops above 3670. A break higher however sees 3660 work as support to target 3680 then strong resistance at 3700/3705. Try shorts with stops above 3715. An unexpected break higher targets 3730.

First support at 3635/32 could hold the downside but a break below 3620 adds pressure to target 3608/03 before strong support at 3600/3590. Buy with stops on a move below 3585. A break lower is a sell signal to target 3575 then 3550/45. Try longs with stops below 3530. A break lower targets 3515/10 then a buying opportunity at 3498/93.

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