GlobalPrime
Short

SHORT Euro stoxx 50 approaching resistance, potential drop!

OANDA:EU50EUR   Europe 50
Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )

Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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