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Euro Stoxx 50 Futures: Targets To Watch

Published 06/23/2020, 06:17 AM
Updated 07/09/2023, 06:31 AM

Euro Stoxx 50 September Futures, unfortunately, missed the buying opportunity at 3170/65 by 6 ticks on the Sunday open. Minor support at 3200/3195 held on Monday morning and we topped exactly at the target of 3254/60. The same levels apply for today.

Today’s Analysis

Euro Stoxx topped exactly at 3254/60. A break higher targets 3280/85, 3300/05, perhaps as far as 3325/28.

Holding 3254/60 targets first support at 3224/20. A bounce from here likely, but further losses target 3200/3195. A break lower risks a slide to 3170/65.

Trends

  • Weekly outlook is positive
  • Daily outlook is neutral
  • Short Term outlook is neutral

ESTX 50 Daily Chart

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