EuroStoxx 50: Buy Breaks Above 3240
Jason Sen | Sep 16, 2015 01:19AM ET
EuroStoxx 50 strong resistance at 3230/35 is key to direction. Be ready to buy a break above 3240 to target 3262/65. We should struggle here this morning at least but if we continue higher look for quite strong resistance at 3290/95.
Failure to beat strong resistance at 3230/35 targets 3200/97. A break below 3180 should add pressure to retest yesterday's low at 3160/58. Note that a close below 3180 is a sell signal. Next downside target is 3135/25 but a break below 3095 adds pressure to target 3060 then support at 3034/30.
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