Eurostoxx: Weak Close And Negative Price Action Doesn't Look Good
Jason Sen | Jun 21, 2017 02:58AM ET
Euro Stoxx held support at 3545/49 but the weak close and negative price action does not look good for bulls today. A break lower targets only minor support at 3526/22. A break below Friday's low at 3518 risks a slide to reasonable support down to the low last week at 3490. A break lower this week is a sell signal targeting less important support at 3470/66.
Holding 3540 allows a recovery to 3555/60. Gains are likely to be limited but above here could see a high for the day 3575/80. Shorts need stops above 3595. A break higher today targets the June high at 3600/01 before the mid-May high at 3614/16.
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