Eurostoxx-50 technical outlook on September 18, 2014

Eurostoxx-50’s V-shaped recovery from the August lows is going on. Next support @ 3.232 (10-day MA), 3.220 (trendline), 3.200 (high from August-end), 3.190 & 3.145 (fibonacci). Next upside target and resistance @ 3.290 (September high) & 3.324 (multi-month high).

Eurostoxx-50, December futures, daily chart:

DJ Euro Stoxx 50(Daily)20140918

Chart courtesy of investing.com. http://investing.com

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