· Very little developments in yesterday's price action as the Index remains capped between support at 3,374-81 (recent cycle low & 200dma) and resistance at 3,544-3,569 (open gap) and then the 55dma and declining channel resistance at 3,588-3,625
· A break below 3,374-3,381 would target 3,312, 3,189 & possibly 3,036
Strategy: Sell 1 unit at 3,560 & 1 more at 3,620, target 3,312 with a stop loss above 3,652
EUR/USD
· The CCY pair continues its attempt to stabilize above the rising channel support at 1.1065 and above Monday's low of 1.0955 and while above this area I continue to expect a move higher.
· A daily close back above the 55dma at 1.1142 would be a positive sign and suggest a low is in place.
· The CCY pair maybe forming a triangle continuation pattern and if this was the case expect to see the CCY start to push higher towards 1.1410 shortly (Maybe after Greek Referendum vote on Monday morning)
Daily chart
Euro Stoxx 50 Index