Euro Stoxx Struggles In Overbought Conditions
Jason Sen | Jan 10, 2018 04:58AM ET
Euro Stoxx 50 hit the next target of 3615/18 as we struggle in overbought conditions. Gains are likely to be limited bit if we continue higher look for 3630/35, perhaps as far as 3646/50.
Downside is expected to be limited and the most likely scenario is sideways trading in to the end of the week, but shorts are too risky with no sell signal. First support at 3605/01 then best support today at 3581/78. Try longs with stops below 3570.
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