Euro Stoxx 50 September Futures, unfortunately, missed the buying opportunity at 3170/65 by 6 ticks on the Sunday open. Minor support at 3200/3195 held on Monday morning and we topped exactly at the target of 3254/60. The same levels apply for today.
Today’s Analysis
Euro Stoxx topped exactly at 3254/60. A break higher targets 3280/85, 3300/05, perhaps as far as 3325/28.
Holding 3254/60 targets first support at 3224/20. A bounce from here likely, but further losses target 3200/3195. A break lower risks a slide to 3170/65.
Trends
- Weekly outlook is positive
- Daily outlook is neutral
- Short Term outlook is neutral