Long Stoxx600 vs. S&P 500 will probably play catch up with EURUSD soon. Falling Dollar should be bullish for European/Emerging equities but this has not materialised yet.
It' looking good for short view on this H4 chart, no ?
Look at zone's clusters :
Medium term channel breaking
Simple indeed ?
STOXX 600 INDEX: deflationary pressure will decimate this sector. the Opportunity is SHORT until yellow zone highlighted - strong possibility to go lower, be careful not to fall for the dummy BULL - its a sucker punch!
Ratio at resistance area, no reason to change long term course $BKX, $EUFN