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Euro Stoxx: Outlook Positive, Resistance At 3336

Published 06/19/2014, 11:09 AM
Updated 07/09/2023, 06:31 AM

EuroStoxx Weekly Chart

EURO STOXX bottomed right on 3272/75 for a more positive outlook and beat 3294/97 to stop a tick short of the target 3308/11. If we continue higher a retest of the 3319 high is likely today but we should struggle here. The outlook does remains positive however so a break higher is not unexpected and targets resistance at 3336 and then 3349.

Immediate support is 3295 then 3289/87 should hold the downside to exit shorts. However if we continue lower 3282/80 is an excellent buying opportunity.

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