DAILY MAR'19 EUROSTOXX - Tuesday's trade idea and technicals
Mar'19 Contract – Dip buying has been dominating sentiment since December’s 2 year base at 2895, and this week’s signals have continued to point higher. While this trend was extended yesterday as initial losses were recovered, 6 little changed daily closes in a row has left intraday trend signals weak. There is no sell signal though, and for this reason the outlook for Tuesday is just cautiously bullish and the call is to buy on the open and then at 3155 with a stop loss at 3140, yesterday’s base. Targets are to 3175, last week’s high, 3195 and 3229, the last 9 week open.
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