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EuroStoxx50 Technical Analysis

Stoxx50 continues to recover lost ground with immediate focus having shifted to the 21-DMA.

The recovery from ahead of the $1180.2-1182.4 region resulted in the first pop above the 55-DMA

The $84.08 resistance level remains key this week with bulls needing a close above to shift immediate focus back to

Stoxx50 continues recover lost ground with immediate focus having shifted to the 3034.9 resistance level.

The recovery from ahead of $1180.2-1182.4 resulted in the first pop above the 55-DMA

The $84.08 resistance level remains key this week with bulls needing a close above to

Bulls take some comfort in the bounce from ahead of the 2900.0 level when combined with

The bounce to start the new week sees pressure having shifted back to layers of resistance

The $84.08 resistance level remains key this week with bulls needing a close above to

Bulls were unable to capitalize of Thursday and Friday’s bounces with initial resistance now noted at 2966.2.

Bulls are a little concerned at the failure to retest Wednesday’s highs and the layers of resistance

The sharp bounce from marginal fresh 2014 and 2 year lows stalled at the short term