2ndSkiesForex

Breakout Pullback Setup in Euro Stoxx 50

Long
FX:EUSTX50   Euro Stoxx 50 Index
2
Unlike the US indexes, the European indexes continue to find higher ground. Today the Euro Stoxx 50 formed a bullish pin bar on the 4hr chart, climbing for 12 straight hours. The index is currently sitting below key resistance at 3125. Bears wanting to get short have their level here. Bulls can look for a breakout pullback setup above, or a corrective pullback to the trendline around 3090.

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