The EUROSTOXX 50 confirmed today even a test of the 2213 level before however recovering; an hourly closing above 2262 at 11.00 CET will confirm a s/t bottom supporting higher levels.
The indicators of the daily chart are in negative territory as well as part of the s/t ones. Only the indicators of the hourly chart already returned above the line supporting the rebound.
If confirmed the s/t bottom we suggest buying this index for a move up toward the 200 hours line at 2340, if not even 2400 where we find the former support line, now resistance!!
We wait for confirmations; if the closing will be above 2262 we’re going to buy a 2260 undershooting.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/EURO-STOXX50-11.03.pdf
FUTURE TREND RESEARCH