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

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