EuroStoxx: holding below 3720 risks a slide to support at 3704

Jason Sen DayTradeIdeas.co.uk

EuroStoxx 50 December Futures

EuroStoxx held 2 ticks above good support at 3670/66 & beat 3695 for a buy signal targeting 3705 & 3720 before the November high of 3725/29. This has been beaten over night as I write.

Daily Analysis

EuroStoxx holding above the November high of 3725/29 is obviously positive as we hit 3737. Further gains target 3750/53 & the important all time high of 3769.

Holding below 3720 risks a slide to support at 3704/00. Try longs at 3685/75 with stops below 3665.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is neutral

Author

Jason Sen

DayTradeIdeas.co.uk

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