Euro Stoxx 50 may rise to 5070.00 - 5200.00

Pivot

4730.00

Our preference

Long positions above 4730.00 with targets at 5070.00 & 5200.00 in extension.

Alternative scenario

Below 4730.00 look for further downside with 4600.00 & 4470.00 as targets.

Comment

The RSI is mixed.

Supports and resistances

5290.00 **

5200.00 ***

5070.00 ***

4980.14 Last

4730.00 ***

4600.00 ***

4470.00 **

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