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EuroStoxx50 Technical Analysis

Bulls take comfort in the bounce and relatively bullish close Friday that has eased the bearish pressure

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

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

Another day of volatile price action saw Stoxx50 fall sharply to fresh 2014 and 13 month lows

The significance of the 21-DMA was confirmed Wednesday with gold bouncing sharply from

X14 is edging closer to the 2012 low confirming bearish pressure.

The continuation lower to fresh 2014 and 13 month lows overnight sees the Stoxx50 close below

Bears are taking comfort in the pullback from recent failures ahead of the Bollinger band top

X14 appears on track to test the 2012 low as losses continued on Tuesday,

Stoxx50 continued to make fresh 8 month lows Tuesday as the index fell just short of the 2014 low

Following on from Thursday’s close above the 21-DMA gold has since found support on dips with

With the 2013 lows now taken out bears target the 2012 low at $77.28.