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EuroSTOXX 50 Future Bull Threat into #ECB through 3609; then to 3635 and Above

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EuroSTOXX 50 Future Bull Threat into #ECB through 3609; then to 3635 and Above

A further corrective setback Wednesday as we had expected, but as we had stated in our recent client reports "we look for 3523/22 and certainly 3498 to hold and still see upside pressures from the firm February extension rally" and the bounce from ahead of here signals a still bullish tone.

We see a re-energizing of the bullish pressures that saw a push through key longer term targets at the psychological/ option level at 3500 and the 61.8% retrace of the entire 2007-09 bear market at 3520, which has re-energized the bull theme for Q1.

For Today:

  • We see an upside bias for 3606/09; break here aims for 3618 and 3635.
  • But below 3546 aims through 3532 and opens risk down to 3523/22, which we would look to hold.
If you want to see more, you can view the full EuroSTOXX future report with screencasts, levels and day trade views - click here
And remember, for a FREE trial of our Equity Index Futures and all other reports sign up by clicking here

2 Hour EuroSTOXX 50 Future Chart

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Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

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