A bearish outside pattern Tuesday to a new setback low and negate the resilient rebound Monday, to reinforce the broader range theme, but shift the bias for a more bearish shift into early May.
The late April significant plunge below our key level at 3544 leaves a downside bias for Wednesday and maybe for this week.
We see a downside bias through 3489 for 3476; break here aims for key 3457.
But above 3529 opens risk up to 3560, maybe 3586.
Short/ Intermediate-term Range Parameters: We see the range defined by 3727 and 3457.
Range Breakout Challenge
Upside: Above 3727 aims higher for 3769 and 3835.
Downside: Below 3457 sees risk lower for 3366 and 3310.
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Daily EuroSTOXX 50 Future Chart (June Contract)
2 Hour EuroSTOXX 50 Future Chart (June Contract)