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EuroStoxx50 Technical Analysis

Bears take a great deal of comfort in Tuesday’s continuation lower with the close below the

The bounce from just short of the 2013 low provided bulls with a little relief but

The lack of follow through on dips is providing bulls with some comfort combined with

Bulls attempted to recover some of the ground lost last week only to struggle at the 55 & 200-DMAs

After having recently hesitated ahead of the $1200 level, Friday’s break lower and

The sharp sell-off Thursday bounced aggressively from ahead of the 2014 low with bulls

The sell-off from the Sept highs continued last week with Stoxx50 closing below 55,

Following fresh 8 month lows Tuesday that saw gold come close to the 2014 low,

The sharp sell-off Thursday bounced aggressively from ahead of the 2014 low

Although choppy sideways trading has dominated, Stoxx50 has remained capped by the 21-DMA

Following fresh 8 month lows Tuesday that saw gold come close to the 2014 low,

The period of choppy trading continues for Stoxx50 with it having remain capped at the 21-DMA as it dips