Euro Stoxx 50 to extend its downtrend on a move below 3250 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Euro Stoxx 50 recently formed a double bottom near 3250 resulting in a short-term bounce. Failure to hold 3250 would reinforce the downtrend, economists at Société Générale report.
“If the index overcomes 3530, an extended bounce could materialize towards the target of the formation at 3700/3720 which is also the 200-Day Moving Average (DMA). This is an important resistance.”
“Failure to hold 3250 would mean persistence in the downtrend that started last year.”
[/s2If]
Join Our Telegram Group
