Euro Stoxx 50 may rise to 5121.00 - 5200.00

Pivot

4915.00

Our preference

Long positions above 4915.00 with targets at 5121.00 & 5200.00 in extension.

Alternative scenario

Below 4915.00 look for further downside with 4820.00 & 4730.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

5290.00 **

5200.00 ***

5121.00 ***

5045.09 Last

4915.00 ***

4820.00 ***

4730.00 **

Number of asterisks represents the strength of support and resistance levels.