The EUROSTOXX 50 confirmed yesterday a very weak closing but it failed yet to confirm the break of the support of the inside day. We are seeing a nice rebound after the test earlier of the 2189 level. The rebound will probably confirm a s/t bottom supporting a little higher levels with the 200 hours line at 2332 the attraction.
The indicators of the daily chart are still negative as well as those of the 4h one. Only the indicators of the hourly chart already returned above the line supporting the rebound.
The closing was strong at 11.00 CET; we are going to buy a possible 2250 undershooting !!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/EURO-STOXX50-11.10.pdf
FUTURE TREND RESEARCH