Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Euro Stoxx Bulls Only Back In Control Above 3622

Published 12/11/2017, 02:02 AM
Updated 07/09/2023, 06:31 AM

Euro Stoxx Weekly Chart

Euro Stoxx 50 bulls must hold prices above 3585 to start to take control this week. Above 3600/03 targets 2 week highs at 3612/18 with minor resistance up to 3622. Bulls are only back in full control above here this week. Above minor short term Fibonacci resistance at 3630 targets 3642/45.

First support at 3585/80 could hold the downside but below 3570 targets minor support at 3559/55. Below 3550 targets 3532/28 before a buying opportunity at 3510/05. Try longs with stops below 3485. It's a major level so we need a wide stop but therefore a break lower is a sell signal targeting 3455/51, perhaps as far as 3425.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.