DayTradeIdeas

EuroStoxx below 3410/05 risks a slide to the May low at 3385/80

TVC:SX5E   Euro Stoxx 50 Index
EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55.

Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.


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