Technical forecast for Eurostoxx

stoxx1

Euro Stoxx caught us out with a break of 2832/38 highs but we only made it to 2849. We fell back sharply to 2819 & if we hold below 2824 today look for 2810. Below here we meet good support at 2798/95 with a low for the day possible. However we need stops on longs below 2785 for 2768/62 & a buying opportunity.

Above 2825/30 we could try for yesterday’s high of 2846/49. Good chance of a top here again but if we continue higher look for 2866 then 2882, possibly 2893.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More