EuroStoxx Tests 6-Year Trend Line At 2905/00
Jason Sen | Jan 19, 2016 06:36AM ET
EuroStoxx holding below 2918 targets 2900/2896 then 2880 and 2863. If we continue lower look for quite good support at 2848/44.
We are actually testing a 6 year trend line at 2905/00. I don't have a huge amount of confidence in this after we broke more important levels last week, but if we do manage a recovery in oversold conditions look for first target at 2939/40 then resistance at 2962/67. A good chance of a high for the day but if we continue higher look for a selling opportunity at 2993/97. Shorts need stops above 3008.
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