Euro Stoxx 50 holding below first resistance at 3465/70 keeps the pressure on for a retest of the June low at 3425, which held yesterday. I have been waiting patiently for lower prices so I am looking for a break below 3420 today which targets target quite good support at 3413/09 and could hold the downside initially. However, on further losses look for 3400/3397 before a gap to fill at 3374/71.
If we unexpectedly make it back above 3465/70 look for strong resistance at 3487/90. Shorts need stops above 3500. An unexpected break higher however targets 3516/19 and perhaps as far as 3535/40.