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Dax hit our target & strong longer term trend line resistance at 9890/9900

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 07 March 2016 Eurostoxx March Contract EuroStoxx below 3030 adds pressure & targets first support at 3000/2995. A break below 2990 targets 2980 & as far as the best support of the day at 2970/65. Although the longer term outlook is more negative a low for the day is likely here. However a break below 2950 is a sell signal & targets 2930/25. If we continue lower look for 3 week bull trend line support at 2910/05. This is the last line of defence for bulls this week.

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