Euro Stoxx 50: Recovery Ongoing

 | Sep 18, 2014 07:07AM ET

The Euro Stoxx 50’s V-shaped recovery from the August lows is ongoing. Next support @ 3.232 (10-day MA), 3.220 (trendline), 3.200 (high from August-end), 3.190 & 3.145 (fibonacci). Next upside target and resistance @ 3.290 (September high) & 3.324 (multi-month high).

Eurostoxx-50, December futures, daily chart: