Index

Euro Stoxx 50 may fall to 4880.00 - 4960.00

2024-06-03

Pivot

5121.00

Our preference

Short positions below 5121.00 with targets at 4960.00 & 4880.00 in extension.

Alternative scenario

Above 5121.00 look for further upside with 5195.00 & 5260.00 as targets.

Comment

As long as 5121.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

5260.00 **

5195.00 ***

5121.00 ***

5024.18 Last

4960.00 ***

4880.00 ***

4700.00 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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