Technical forecast for Eurostoxx

Euro Stoxx Sep13 edged higher to 2860 in a quiet session. Just cannot fight this trend so the target of 2883/93 is always achievable. We are drastically overbought so watch for a high for the day here. However be aware that a break higher could target 2919/23.

Support at 2837 held the downside perfectly but below here is less positive & could trigger a drift lower to 2824/22. We then have trend line support here today so a low for the day is expected. However a break lower could target 2806/02. Just be aware that a close below the trend line would be a short term negative in to the end of the week.

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. has established itself as the leading provider of... More