Eurostoxx: Levels Are Becoming Blurred With Sideways Trading
Jason Sen | Jun 12, 2017 06:16AM ET
Euro Stoxx levels are becoming blurred with so much sideways trading. Holding above 3565/70 re-targets 3592/95. Further gains meet the 2 week 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.
We have lows over the past 3 weeks at 3534, 3533 and 3530. A break lower is significant target therefore, targeting 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.
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