Euro Stoxx 50 topped exactly at 3437/39 and sold off to 3416/20 but not quite as far as 3390/85. Outlook is negative so a break lower today targets support at 3360/55. Longs now look risky. A break lower targets 3335/30 and 3327/25 before last week's low just above support at 3306/02. Look for strong support at 3285/80.
Gains are likely to be limited as the outlook turns negative again with first resistance at 3418/22. However above 3430 retargets 3437/39. An unexpected break higher targets 3445/49 and 3463/68. Watch for a high for the day. A break above 3478 targets 3495/99 then strong resistance at 3515/19.