Euro Stoxx 50 may rise to 5040.00 - 5120.00

Pivot

4870.00

Our preference

Long positions above 4870.00 with targets at 5040.00 & 5120.00 in extension.

Alternative scenario

Below 4870.00 look for further downside with 4820.00 & 4720.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

5280.00 **

5120.00 ***

5040.00 ***

4984.91 Last

4870.00 ***

4820.00 ***

4720.00 **

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