Euro Stoxx 50 bottomed exactly at strong support at 3610/00. Longs worked perfectly on the bounce through 3622/25 and 3640/45 to 3666.
Euro Stoxx meets strong resistance at 3675/85. Shorts need stops above 3690. A break higher targets 2 month trend line resistance at 3718/22. Bulls obviously need a break above the November high at 3729.
First support at 3645/40 but below here targets 3625/20 before a retest of strong support at 3610/00. Obviously a break below 3590 is a sell signal targeting support at 3575/70. Try longs at 3545/35, with stops below 3520.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is neutral