The EUROSTOXX 50 looks weaker than the DAX 30. A break below 2690 would be bearish and the next support zone would be around 2650. The index has to break above 2800 to get bullish. Then I think 2870 and above that 2950 is on the horizon.
Monday, June 20, 2011
Market Analysis - DAX 30 and EUROSTOXX 50
The DAX 30 is still in its sideways range between 7030 and 7250. A break above 7245 to 7250 would indicate a rise to 7410 to 7450. A break below 7030 and 6990 would send the index to 6940 the 200 day moving average. At this point I prefer the break to the upside but act quickly and be prepared for any scenario.
The EUROSTOXX 50 looks weaker than the DAX 30. A break below 2690 would be bearish and the next support zone would be around 2650. The index has to break above 2800 to get bullish. Then I think 2870 and above that 2950 is on the horizon.
The EUROSTOXX 50 looks weaker than the DAX 30. A break below 2690 would be bearish and the next support zone would be around 2650. The index has to break above 2800 to get bullish. Then I think 2870 and above that 2950 is on the horizon.
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