(2344)The EUROSTOXX 50 confirmed a further positive closing suggesting further upside potential for this index toward the 2400 area. The indicators of the daily chart are well positive and also those of the s/t ones are in positive territory this morning supporting a possible move up. An hourly closing above 2356 will confirm the move up. In the hourly chart we start seeing bearish divergences supporting a shift of the tone to positive Only a return below 2317 will postpone the rise causing a test of the 200 hours line at 2307 with even a possible undershooting toward the support line at 2270! We wait for a possible correction to buy again.
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FUTURE TREND RESEARCH