DJ EuroStoxx 50 (Eu50) Futures – 20190822

Intermediate

Recap

EuroStoxx we wrote: First resistance at 3358/62 but above here allows a retest of 3375/80. A break higher today meets a selling opportunity at 3390/3400, with stops above 3410.

We hit the selling opportunity & topped exactly here but no sell off yet to offer a profit on shorts.

Daily Forecast – 22 August 2019


EuroStoxx topped exactly at the selling opportunity at 3390/3400, with stops above 3410. On the downside we target 3375/70 with first support at 3360/55. On further losses look for a buying opportunity at 3340/35, with stops below 3325. A break above 3410 is a buy signal targeting 3425/27 then resistance at 3438/40.

Monthly ESTX 50

Editor

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successful...continued

Comments on this analysis

Your email address will not be published. Required fields are marked *


Forex Brokers in your location