Technical forecast for Eurostoxx

eurtoxx

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.

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