The EuroStoxx is printing a series of lower lows and lower highs on the daily chart. However, both the 50DEMA and 200DEMA are blue (positive angle) and the 50 is about to cross the 200. There is divergence between the EuroStoxx and the DAX at the moment. This is because the EuroStoxx did break the Friday low. The 03-10-2018 EuroStoxx price at the time of writing: 3387.
We trade below the weekly pivot for now, and under the point of control of the composite value are, visible on the image below. We’d need to break above those with some momentum to consider this market as bullish.
MARKET: EuroStoxx (Futures)
Symbol: FXZ18 (December + continuous)
03-10-2018 EuroStoxx Key Levels
|EuroStoxx KEY LEVELS|
|Value Area High||3378|
|Value Area Low||3368|
|Camarilla Breakout (Bull)||3388|
|Camarilla Breakout (Bear)||3355|