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Euro Stoxx: Further Losses Likely

Published 07/03/2017, 01:02 AM
Updated 07/09/2023, 06:31 AM
STOXX50
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Euro Stoxx Weekly Chart

Euro Stoxx 50 outlook remains negative and holding below 3455 re-targets 3436 and 3425. Further losses are likely eventually as far as quite good support at 3413/09 which could hold the downside today. On further losses however look for 3400/3397 before a gap to fill at 3374/71.

Minor resistance at 3452/55 but stronger resistance at 3466/70 could see a high for the day. In the unlikely event that we retest the break point at 3487/90 try shorts with stops above 3505.

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