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22 Apr 2015
EuroStoxx June contract: needs a break above 3658/3660 to target higher levels – DayTradeIdeas
FXStreet (Barcelona) - Jason Sen of DayTradeIdeas, shares the technical outlook and key upside and downside levels for EuroStoxx June contract.
Key Quotes
“EuroStoxx must beat 3658/3660 to target resistance at 3683/88 but above here stronger resistance at 3700/3705 could hold a move higher. Shorts need stops above 3715 but be ready to go with a break higher to target 3730.”
“Failure to beat 3658/3660 risks a slide to yesterday's low at 3643 then first support at 3635/32 which could hold the downside. However longs need stops below 3620 to target strong support at 3600/3595. Buy with stops on a move below 3585. A break lower is a sell signal to target 3575 then 3550/45. Try longs with stops below 3530. A break lower targets 3515/10 then a buying opportunity at 3498/93.”
Key Quotes
“EuroStoxx must beat 3658/3660 to target resistance at 3683/88 but above here stronger resistance at 3700/3705 could hold a move higher. Shorts need stops above 3715 but be ready to go with a break higher to target 3730.”
“Failure to beat 3658/3660 risks a slide to yesterday's low at 3643 then first support at 3635/32 which could hold the downside. However longs need stops below 3620 to target strong support at 3600/3595. Buy with stops on a move below 3585. A break lower is a sell signal to target 3575 then 3550/45. Try longs with stops below 3530. A break lower targets 3515/10 then a buying opportunity at 3498/93.”