The EUROSTOXX 50 formed a small positive day reversal which mean that the low was lower than the day before and the closing was higher than the day before. Beside this the index is still under some pressure. The indicators of the daily chart are still well negative as well as those of the 4h one where we have oversold conditions and a potential positive reversal situation. The indicators of the hourly chart turned already above the line but only an hourly closing above 2135 will support higher levels:
We remain on the sideline while keeping the long position!!
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FUTURE TREND RESEARCH