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EuroStoxx50 Technical Analysis

Bounces from recent dips combined with correcting previously O/S daily studies are hinting at a retest of

Friday’s choppy price action saw the pair dip back towards the base of the triangle on the daily chart.

Friday’s bounce from just short of Thursday’s lows and close above the $96.75 level eased bearish pressure a little to end the week.

Following the failure to confirm an easing of bearish pressure Thursday,

Bulls retain the upper hand as the precious metal consolidates above the $1302.0-1304.8 support region with

Fresh 2014 and 9 month lows continued for U14 Thursday as the contract hovers precariously above the 200-DMA.

The move above the previous 3062.2 resistance level provides bulls with

Bulls retain the upper hand as the precious metal consolidates above the $1302.0-1304.8 support

Pressure has returned to initial resistance as daily studies begin to correct from O/S levels.

The lack of follow through on rallies remains a concern for bulls but bears continue to

Despite O/S daily studies remaining at O/S levels Stoxx50 is struggling to regain lost ground with

The lack of follow through on Friday’s spike above the 61.8% Fibo and