Euro Stoxx unable to beat the long term 50% Fibonacci at 3175/85. Give any shorts a wide berth above 3205 but be ready to go with a break higher for 3240/45 then 3251/53. We have been stuck in a channel from 3175/78 down to 3139/36 for a week so we can only trade this range & wait for a break.
The longer we hold this range the more chance the break will be higher. Below 3135 meets good support at 3128/26. A low for the day possible here but if we continue lower look for the next support at 3116/3113. This is our minimum target for the small double top pattern.