Euro Stoxx Bounces Back Towards Strong Resistance At 3260/70
Jason Sen | Oct 18, 2018 02:02AM ET
Euro Stoxx 50 bounces back towards strong resistance at 3260/70. Shorts need stops above 3280 but a break higher is a buy signal targeting 3301/03 then a selling opportunity at 3315/25, with stops above 3335.
Failure to beat strong resistance at 3260/70 re-targets 3230/26. Below 3220 risks a slide to 3205/3195 with key 18 year trend line support at 3165/55 for another buying opportunity. Below here meets good support at 3100/3080 from the price action from March to November 2016...also the 200 month MA. Below 3060 should trigger stops again to 3015.
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