Technical Analysis Reports

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.


Dax could be forming a huge head and shoulders but we will not have a longer term sell signal until
we break the neckline at 11600.

We topped just 7 ticks above the main challenge for bulls today at 12410/420.


Dax held the main challenge for bulls today at 12410/420 almost perfectly & collapsed to what is now very minor support at the 100 week moving average at 12115. However a break below the small gap at 12082 targets good support at the 500 day moving average at 12055/045.

First resistance at 12350/360 then 12410/420 but above here this time targets 12510/520. Try shorts with stops above 12570.

Link to Chart