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Pashabxl
May 25, 2014 8:57 AM

EUROSTOXX50 may follow DAX and CAC40 trend Short

ESTX 50 PR.EURINDEX

Description

EurostoXX50 can go a little bit further up, toward 3240, but soon, the index may come back toward 3150, 3119, 3089 and 3042.
One can have a look on the Stoch and W%R, we are about to come to the overbought level. Having ignored and without prejudice of ECB PREsident Announcement on June 4th, The index may at leas technically speaking retrace on a downtrend movement.
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