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Euro Stoxx: Below 3480 Puts Bears Back In Control

Published 07/13/2017, 08:06 AM
Updated 07/09/2023, 06:31 AM
STOXX50
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Euro Stoxx Weekly Chart

Euro Stoxx 50 failure to beat minor resistance at 3516/19 targets strong support at 3495/90. Below 3480 however puts bears back in control targeting 3460/55 before the June low at 3428/25. A break below 3420 targets target quite good support at 3413/09 which could hold the downside on the first test at least. On further losses look for 3400/3397 before a gap to fill at 3374/71.

We held minor resistance at 3516/19 but are likely to continue higher today towards 3535/40. On further gains look for more important 2 month trend line resistance at 3560/64.

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