The EUROSTOXX 50 formed on Friday a positive day reversal but only a daily closing tonight above 2354 will confirm a s/t bottom supporting higher levels.
The indicators of the daily chart are still well above the line but those of the s/t ones turned mixed suggesting some more consolidation in the s/t. only an hourly closing above 2355 will support a resumption of the move up confirming also a positive reversal suggesting a s/t target at 2517.
The correction we’re seeing this morning after the opening should find support in the 2310/00 area before the 200 hours line at 2255.
We are waiting for stronger signal.
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http://www.easyforexnews.net/wp-content/uploads/2011/12/EURO-STOXX50-12.12.11.pdf
FUTURE TREND RESEARCH