Eurostoxx: Hit The Next Target
Jason Sen | Jun 20, 2017 03:04AM ET
Euro Stoxx hit the next target, testing the 2 week high at 3581/87. A break higher today targets the June high at 3600/01 this week. If we continue higher look for the mid-May high at 3614/16.
Failure to beat the 2 week high at 3581/87 risks a slide to first support at 3545/49. This held the downside perfectly yesterday & is likely top do so again today. Further losses however test only minor support at 3524/29. A break below Friday's low at 3518 risks a slide to reasonable support down to 3490. A break lower this week is a sell signal targeting less important support at 3470/66.
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