Euro Stoxx 50 in correction mode. First resistance at 3609/12 held on Friday but strong resistance at 3624/28 the main challenge for bulls today. Shorts need stops above 3640. A break higher targets minor resistance at 3652/56 then look for 3670/73.
Holding first resistance at 3609/12 re-targets last week's low at 3584/82 then a buying opportunity at 3575/70. I think a strong chance of a low for the day but stop below 3560. If I am wrong and we break lower look for the 100 day moving average at 3525/20.