Eurostoxx-50 technical outlook for September 22, 2014

Eurostoxx-50’s V-shaped recovery from the August lows is going on. it is not confirmed yet, but it looks like an ascending triangle is forming here. Next support @ 3.240 (trendline), 3.230 (10-day MA), 3.200 (high from August-end), 3.170 (fibonacci). Resistance @ 3.290 (Friday high) & 3.325 (multi-month high).

Eurostoxx-50, December futures, daily chart:

DJ Euro Stoxx 50(Daily)2014092019
Chart courtesy of investing.com. http://investing.com

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