EURO STOXX held just below 3191/93 and broke 3163/68. Outlook remains quote negative and if we hold below here today look for 3145/41 then mid May lows and 1 year Fibonacci support at 3130/21 which is very important support again this week. A break below 3120 cannot be ruled out this week and is a major problem for bulls. This should trigger further heavy selling pressure and swift move to the 200 day moving average and May lows at 3094/90 is likely. Obviously this is crucial and any longs need stops below 3080.
Above 3168 is more positive for today at least but we meet resistance at 3183 then 3191/93. We should struggle here again today so be prepared to see prices turn lower. However if prices continue higher look for a selling opportunity at 3207/11, with stops above 3218.