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EURO STOXX: First Resistance At 3033/30

Published 09/29/2015, 02:43 AM
Updated 07/09/2023, 06:31 AM

EURO STOXX Recap Chart

EURO STOXX is very oversold, but will need to beat first resistance at 3033/30 for any chance of recovery today. Next target and stronger resistance at 3058/63 could hold a rally, but above here targets 3085, then very strong resistance at 3115/20. A daily close above 3125, however, would be more positive. Failure to beat 3033/30 risks a slide to 3010, then 2995. Below last week's low of 2984 be aware of important August lows at 2951.

A break (and daily close) below is obviously negative for this week and targets 200 week moving average at 2900/2898.

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