The EUROSTOXX 50 failed as well to confirm the break of the resistance of the inside day at 2357 but the closing was still positive. The weekly closing was strong.
The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are mixed suggesting further consolidation. Only an hourly closing above 2375 will extend the move up suggesting an extension toward 2440.
A move below 2328 will postpone the move up suggesting a deeper correction move that we suggest buying especially in case of a drop toward 2250!
We remain on the sideline.
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FUTURE TREND RESEARCH