EuroStoxx Bottoms At 2861
Jason Sen | Jan 20, 2016 07:57AM ET
EuroStoxx has broken lower as far as targets 2880 and 2863. We bottomed exactly here at 2861. Be aware that although this is not an important support, the DAX and Emini S&P have tested August mini crash lows and held. Therefore a recovery is now possible and initially targets 2900. If we continue higher look for resistance at 2922/23. We should struggle here with a good chance of a high for the day. However a break above 2930 keeps bulls in control to target a selling opportunity at 2960/65.
Failure to hold above 2830 however risks a slide to quite good support at 2848/44. However further losses could target 2825/23.
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