JUN'17 EUROSTOXX - signals continue to point higher & to buying dips
​JUN'17 contract - For the 4th week in a row EUROSTOXX sentiment continues to trade inside the last 5 week range and this week's signals point to buying the dip. While Wednesday's signals to sell the rally were confirmed, Thursday's signals switched and also pointed to buying into any weakness. Daily trend signals are not strong ahead of today's US Employment figures, but there remains a positive bias, so with this in mind the call is to buy on the open and then at 3575, yesterday's close with a stop loss at 3542, Wednesday's low. Targets are to 3610/15, the 17th May high, 3629, the 2 week top and 3645, May's 20 month high trade.
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