⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

EuroStoxx: Break Above 2850 Targets 2874/79

Published 04/07/2016, 06:36 AM
Updated 07/09/2023, 06:31 AM
STOXX50
-

Eurostoxx Chart

EuroStoxx first resistance at 2840/45 of course but a break above 2850 then targets 2874/79. Try shorts with stops above 2885. A break above here however targets 2900/04 then a selling opportunity at 2927/30.

Failure to beat first resistance at 2840/45 targets 2830 and this week's low at 2806/04. Breaking below mid-late February lows at 2803/2799 today keeps the pressure on for a gap to fill at 2768/63. A good chance of a bounce from here initially in oversold conditions but longs are still a little risky in the negative trend and would need stops below 2754. Further losses targets 2730 and 2710/06.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.