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Euro Stoxx: Longs Need Stops Below The Gap At 3391/84

Published 07/25/2017, 08:09 AM
Updated 07/09/2023, 06:31 AM
STOXX50
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Euro Stoxx Weekly Chart

Euro Stoxx 50 first resistance at 3458/62 then strong resistance at 3477/84. Shorts need stops above 3495. An unexpected break higher targets 3515/18.

Failure to beat first resistance at 3458/62 3443/40 targets before support the June/July low at 3428/25. This held perfectly again yesterday but a break lower meets 23.6% Fibonacci support at 3411/08 which mark a low for correction, but longs need stops below the gap at 3391/84.

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