FlowState

SX5E Bounced Off Support, Potential Rise!

Long
TVC:SX5E   Euro Stoxx 50 Index
SX5E bounced off its support at 3159.1 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 3292.4 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 5.3% where a corresponding rise could occur.

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