Eurostoxx: Support At The 2 Week Low At 3534/30
Jason Sen | Jun 08, 2017 06:27AM ET
Euro Stoxx support at the 2 week low at 3534/30 but below here targets the May low at 3507. There is reasonable support down to 3500 for profit taking on shorts but longs look too risky. I would not rule out a dip as far as 3485/80.
With so much sideways trading the levels are becoming blurred. We have held a 100 tick range from 3507-3610 for 3 weeks. First resistance at 3565/70. Above here targets 3579/80 and a small gap to fill at 3592. Further gains meet last week's high at 3610 before the mid-May high at 3626/29. If we continue higher look for a test of the high this year at 3645/47.
Get The News You Want
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.