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DAX, EuroStoxx And FTSE Daily Forecast

By Jason SenStock MarketsApr 28, 2021 07:57AM ET
www.investing.com/analysis/dax-eurostoxx-and-ftse-daily-forecast-200575928
DAX, EuroStoxx And FTSE Daily Forecast
By Jason Sen   |  Apr 28, 2021 07:57AM ET
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DAX 30 June barely moving as we held a 144 tick range so far this week. We wait for a breakout of first resistance at 15290/330.

Euro Stoxx 50 June holding a 25 tick range so far this week.

FTSE 100 June making a break above strong resistance at 6900/6920 but only reached 6944. We could still be forming a right shoulder to a head & shoulders reversal pattern.

Today’s Analysis

DAX still holding first resistance at 15290/330. A break above 15360 targets 15440/450 before a retest of the all time high at 15500/529. A break higher in the bull trend targets 15650/700 and resistance at 15770/790.

Holding first resistance at 15290/330 risks a retest of strong support at 15120/100.

Longs need stops below 15070. Further losses meet strong support at 14990/940.

Longs need stops below 14890. A break lower to targets 14820/800.

EuroStoxx holding first support at 3940/30 targets 3960/70 before a retest of 3990/4000 highs. Further gains this week target 4018/22 and 4032/35.

First support at 3945/35 could see a low for the day. Strong support again at 3900/3890. A break below 3880 however risks a slide to 3865/62. Expect strong support at 3845/35. Longs need stops below 3825.

FTSE holding first support at 6900/6880 allows a recovery to 6940/45, perhaps as far as 6965/70 before a retest of resistance at 6990/7000.

FTSE Index
FTSE Index

Disclaimer: First support at 6900/6880. A break below 6870 however risks a slide to to 6840/35. No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

DAX, EuroStoxx And FTSE Daily Forecast
 

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