EURO STOXX retested resistance at 3055/60 with a high for the day as expected and prices topped exactly here. Overbought conditions in the short term triggered a move to support at 3023/18 as forecast and this hold the downside as expected with a low at 3016. If we continue lower today look for good support at 2994/91 for a buying opportunity. Unlikely we fall any further with bulls now sensing their chance to seize control again, but a retest of Friday's low of 2977/73 is a second buying opportunity.
A good chance of a recovery today to 3034/38 and possibly as far as resistance at 3055/60. We should struggle here again in the morning session at least but a break higher cannot be ruled out and could target 3073/76. Any further gains target 3096/99 this week.