Euro Stoxx Daily Forecast - 15 August 2018

Published 08/15/2018, 01:53 AM
Updated 07/09/2023, 06:31 AM
STOXX50
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Euro Stoxx Weekly Chart

Euro Stoxx key to direction is obviously the 500 day moving average at 3399/95 as we hover just above. A break below here is an obvious sell signal targeting 3376/74. Below 3370 look for 3353/50 and 3334/30.

Gains are likely to be limited with minor resistance at 3415/17 then a high for the day possible at 3427/30 once again. Shorts need stops above 3440. An unexpected break higher targets strong resistance at 3450/60.

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