The Euro Stoxx 50 reached 3540 in severely overbought conditions. The big challenge now is 8-month trend line resistance at 3550/54.
With negative candles just below this level we could turn lower now to minor support at 3525 (hit on Monday) before better support at 3505/00. A low for the day is expected but longs need stops below 3490. An unexpected break lower targets 3470/66 then a buying opportunity at 3455/50.