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EuroStoxx50 Technical Analysis

Layers of resistance 3139.9-3169.9 continued to thwart attempts to

The sharp bounce from fresh 2014 and 4 year lows Friday and

Layers of resistance remain $79.44-84.08 with bulls needing a close above $79.44 to ease bearish pressure.

Layers of resistance 3139.9-3169.9 continue to thwart attempts to shift immediate focus to

Gold remains heavy as it trades at fresh 2014 and 4 year lows.

Layers of resistance remain $79.44-84.08 with bulls now needing a close above $79.44 to ease bearish pressure.

The recovery from ahead of the 21-DMA continued Thursday with Stoxx50 making its first foray into

Overall focus remains on the $1045.5 2010 low with the break and

Bulls take some comfort in the bounce from ahead of the recent 2014 low and

Stoxx50 recovered from Tuesday’s correction lower towards the 21-DMA with

Overall focus remains on the $1045.5 2010 low with pressure currently on the $1157.6 support.

The Bollinger band base ($77.02) is once again limiting follow through with fresh 2014 and