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EU50 Bullish Sentiment: France & Italy reported stronger than expected gains in June Industrial Production (+19.6% m/m and +42.1% m/m respectively) although output remains significantly below levels seen at the start of the year. The DAX is up 22% in USD terms over the past three months while the Euro Stoxx 50 index is up 16.5%. I think signs of increasing flows...
We can expect this EU Stocks 50 Index to continue it's bullish move up as soon as it breaks the 50 ema on the 4H timeframe chart.
20 EMA is the support and as long as it holds strong, this move is active.
Trade Safe.
The turning point would be between 2980 and 3010 , due to strong structure levels as horizontal and lines support and resistance are all consolidate at the same zone.
