The EUROSTOXX 50 confirmed a strong closing managing as well to keep a gap area, now support at 2136 – 2121!
The indicators of the daily chart are still negative but those of the s/t ones are positive supporting higher levels. In the hourly chart we have however overbought conditions and potential negative reversal suggesting that the upside could be limited. only an hourly closing below 2203 will postpone further strength favouring a deeper correction toward the former resistance line 2180!
The move up failed to form divergences, at least for now!!
We remain on the sideline for now.
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