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Euro Stoxx Prices Dipped Down To 3576

Published 05/05/2015, 12:31 AM
Updated 07/09/2023, 06:31 AM

Euro Stoxx Weekly Chart

Euro Stoxx must hold above 3570/75 to test resistance at 3595/3600. Any shorts need stops above 3610 to target strong resistance at 3625/30. A high for the day possible but shorts need stops above 3637. A break above here is more positive and targets resistance at 3651/55, perhaps as far as 3664/68.

Failure to hold above first support at 3570/75 risks a slide to 3545/40 but below 3534 retests last week's low at 3525/21. A break lower not out of the question and targets 3511 then support at 3496/3490. A good chance of a low for the day but longs need wide stops below 3478. A break lower however targets 3464 then 3454/53 and 3439 before support at 3431/30.

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