The EUROSTOXX 50 confirmed another weak closing on Friday below the low of the previous session suggesting further weakness toward the 2130/10 support area. The weekly closing was also weak below the low of the previous week.
The indicators of the daily chart remain therefore negative while those of the weekly one are now at the line. The indicators of the s/t charts are negative with bullish divergences in the hourly chart supporting a negative tone. The drop below 2187 confirmed also a negative reversal situation suggesting a s/t target at 2153.
Overall we expect a little lower levels move that we want to buy especially in case of a 2120 undershooting!!
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