Euro Stoxx 50 may fall to 4199.00 - 4381.00

Pivot

4812.00

Our preference

Short positions below 4812.00 with targets at 4381.00 & 4199.00 in extension.

Alternative scenario

Above 4812.00 look for further upside with 4980.00 & 5082.00 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

5082.00 **

4980.00 ***

4812.00 ***

4512.17 Last

4381.00 ***

4199.00 ***

4010.00 **

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