The EUROSTOXX 50 formed on Friday a small positive day reversal, another one, suggesting higher levels especially in case of a daily closing above 2121 tonight!! The weekly closing was instead still weak! The indicators of the daily chart are still well negative as well as those of the weekly one keeping the index under pressure. The indicators of the s/t charts turned instead above the line this morning supporting a rebound with the 200 hours line at 2218 the possible attraction. We started today’s session with a gap up area, 2136 – 2096. While above this support area we favour direct higher levels!!
We remain on the sideline while keeping the long position!!
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