Technical forecast for Eurostoxx

stoxx1

Euro Stoxx Sep13 edged higher to 2673 but failed to make a sustained break above 2670. However we should follow higher overnight US markets to 2685/87 & possibly a move towards very strong resistance at 2709/12 for a selling opportunity today. Use stops on shorts above 2720 for 2733/34.

Support at 2668 then the 100 day moving average at 2658/55 but below here next support around yesterday’s low at 2637/34.

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