Euro Stoxx 50 Breaks Good Support At 2995/90
Jason Sen | Sep 27, 2016 02:45AM ET
Euro Stoxx 50 broke good support at 2995/90 and holding below 2980 targets 100 day moving average support at 2960/55. We bottomed exactly here yesterday but further losses today target 2936 then a gap to fill at 2930. We have Fibonacci support at 2928 just below so this should be a good support area. A break lower could then test the September low at 2908.
Holding important 100 day moving average support at 2960/55 targets 2978/80. We should struggle here but we meet much stronger resistance at 2995/99 so this is the best chance of a high for the day. Shorts need stops above 3010.
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