Makor - Tech View Euro Stoxx 50 Index (3,607 last) - fade rallied to 3,651 with a tight stop above
2015-07-15 07:27:13.423 GMT
Technical Research – Euro Stoxx Index (3,607)
•The Index is set to challenge the declining trend line connecting all the
highs which stands at 3,605-3,610. A sustain move above this level would argue
for a move towards 3,651 which is the recent lower high and a sustain move above
it would be considered to be bullish
•On the other hand, if price is rejected at 3,605-3,651 then the down trend
remains intact. Support is the 55dma at 3,549 and the open gap zone's at
3,536-3,561 & 3,433-3,474.
Strategy: Short from 3,600, target 3,390 with a stop at 3,655
Support: 3,549, 3536-61, 3,433-74 & 3,390
Resistance: 3,605-10, 3,651 & 3,691
Contributed via: Bloomberg Publisher WEB Service
Provider ID: f180bf6797cb48a8bb3627cf0eb1f566
-0- Jul/15/2015 07:27 GMT
2015-07-15 07:27:13.423 GMT
Technical Research – Euro Stoxx Index (3,607)
•The Index is set to challenge the declining trend line connecting all the
highs which stands at 3,605-3,610. A sustain move above this level would argue
for a move towards 3,651 which is the recent lower high and a sustain move above
it would be considered to be bullish
•On the other hand, if price is rejected at 3,605-3,651 then the down trend
remains intact. Support is the 55dma at 3,549 and the open gap zone's at
3,536-3,561 & 3,433-3,474.
Strategy: Short from 3,600, target 3,390 with a stop at 3,655
Support: 3,549, 3536-61, 3,433-74 & 3,390
Resistance: 3,605-10, 3,651 & 3,691
Contributed via: Bloomberg Publisher WEB Service
Provider ID: f180bf6797cb48a8bb3627cf0eb1f566
-0- Jul/15/2015 07:27 GMT