EuroStoxx 50 likely to trade sideways to ease overbought conditions. We bottomed exactly at the next downside target and support at 3750/45.
EuroStoxx broke minor support at 3764/62 & then held this level on the bounce from better support at 3750/45. Try longs at 3732/28, with stops below 3720. Next target & support at 3700/3690. Try longs with stops below 3680.
Resistance at 3770/3777. A break higher today targets 3786/90 & 3798/3802.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is neutral