Trade Alert
This could be an interesting one to trade. Looking at where the index is right now, it's currently getting held by the resistance area between 3261 and 3275 levels. A nice good pop through the 3275 zone, could invite more bulls to the table and we could see Euro Stoxx 50 moving towards the next potential area of resistance at 3340, or even higher (please see the chart for details).
On the downside, from the short-term perspective, we could look at the 3197 level, as a potential breaking point for a continued move lower.
Please see the chart for levels.
Don't forget your SL
This could be an interesting one to trade. Looking at where the index is right now, it's currently getting held by the resistance area between 3261 and 3275 levels. A nice good pop through the 3275 zone, could invite more bulls to the table and we could see Euro Stoxx 50 moving towards the next potential area of resistance at 3340, or even higher (please see the chart for details).
On the downside, from the short-term perspective, we could look at the 3197 level, as a potential breaking point for a continued move lower.
Please see the chart for levels.
Don't forget your SL