The EUROSTOXX 50 is also still consolidating interior the positive outside day with 2377 – 2210 still the levels to follow in the coming hours. A break of the support will cause further weakness probably even toward 2050!!
The indicators of the daily chart are now negative as well as those of the s/t ones supporting further weakness. The decline is also confirming the suggested negative reversal in the daily chart suggesting a potential m/t target at 1830!!!
We remain on the side line following the outside day. We sell a break below 2210!!
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FUTURE TREND RESEARCH