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Technical forecast for Eurostoxx

By () · May 30, 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 broke 2798/95 but has held above 2768/62. The market should remain under pressure but this is good support & could hold the downside today. If however we break lower look for last week’s low & the March high at 2751/47 but any longs need stops below 2740.

Resistance at 2810 then 2825/30 could be a selling opportunity as we look for a high for the day. However above here we could try for this week’s high at 2846/49 & a very good chance of a top here again.

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