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Eurostoxx: Outlook Remains Positive

Published 01/29/2014, 08:07 AM
Updated 07/09/2023, 06:31 AM

Eurostoxx Weekly Chart

Euro Stoxx was predicted to have ended the steep 3 day correction and as expected we did recover beating 3034/38 to halt just below a test of resistance at 3055/60. Outlook remains positive and above here today we target 3078/83. A high for the day is very possible but if we continue higher look for a selling opportunity at 3100/05.

Good support at 3035/30 could hold the downside, but below here see 3015/10. If this does not hold the downside, 2999/89 is a buying opportunity again today. We also have 5 month trend line support at 2980, so only a break and close below here is now seen as negative for this market.

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