EuroStoxx: A break above the 2815 high targets 2830
|EuroStoxx 50 JUNE Futures
EuroStoxx unexpectedly shot higher to beat resistance at 2720/30 & then strong resistance at the recovery swing high at 2788/99.
Daily Analysis
EuroStoxx bulls obviously want prices to hold above 2788/99. A break above the 2815 high targets 2830 then resistance at 2855/60. This is the best chance of a high for the day. A break above 2880 A break higher targets 2895/2900 & 2825.
A break below 2765 risks a slide to 2735 with a buying opportunity at 2700/2680. Stop below 2670. A break lower is a sell signal.
Trends
Weekly outlook is negative.
Daily outlook is neutral.
Short Term outlook is positive.
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