Euro Stoxx: Strong Resistance At 3700/3705
Jason Sen | Apr 22, 2015 02:11AM ET
Euro Stoxx must beat 3658/3660 to target resistance at 3683/88 but above here stronger resistance at 3700/3705 could hold a move higher. Shorts need stops above 3715 but be ready to go with a break higher to target 3730.
Failure to beat 3658/3660 risks a slide to yesterday's low at 3643 then first support at 3635/32 which could hold the downside. However longs need stops below 3620 to target strong support at 3600/3595. Buy with stops on a move below 3585. A break lower is a sell signal to target 3575 then 3550/45. Try longs with stops below 3530. A break lower targets 3515/10 then a buying opportunity at 3498/93.
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