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Technical forecast for Eurostoxx

By () · May 28, 2013 · Comments Off on Technical forecast for Eurostoxx
Indices · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Euro Stoxx support at 2754/51. A low for the day is possible again but this level has weakened now so be ready to stop below 2740 for 2731/29. We cannot rule out a break lower to excellent support at 2705/00 for a buying opportunity.

Resistance at 2793/96 then again at 2803/05 with the daily chart still looking negative. Exit
longs & try shorts with stops above 2812. We then look for 2820, possibly a retest of 2832/38 highs.

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