Eurostoxx: Failure To Beat First Resistance At 3570/73
Jason Sen | May 22, 2017 04:35AM ET
Euro Stoxx 50 failure to beat first resistance at 3570/73 (which is only minor) targets minor support at 3554/53 before more important support at 3545/40. Below re-targets 3518/15 and perhaps as far as 3505/00. We could reach as far as support at 3490/80 on the downside but look for a low for the week. A break below 3470 however is another sell signal targeting 3455/50 and perhaps as far as minor support at 3435/30.
Above minor resistance at 3570/73 allows a recovery to 3595/3600 and perhaps as far as the high last week at 3626/29.
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