Report
Steve Lucas

SEP'17 EUROSTOXX - higher daily lows point signals higher - temporarily

​7.00am open, SEP'17 contract - A trend of lower weekly highs & lows since EUROSTOXX posted a 21 month high in May at 3645 has kept this week's signals pointing lower. Contrary to these investors bought the market on Monday, sentiment posting a 2nd higher daily low and high in a row and a gain of almost 50 Pts on the day. Although this has improved the immediate outlook, Tuesday's bullish call is a very cautious one, buying only modestly on the open and then at 3563, Monday's Marabuzo line with a stop loss at 3542, the window which has remained open since last week's close. Targets are to 3596, June's high, 3616, the 5 week top and 3634, May's top on the Sep contract.

Underlying
Provider
3cAnalysis
3cAnalysis

​3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

Analysts
Steve Lucas

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