Technicals - Eurostoxx50 - technical sell signal target @2700 reached

Angela Mangan

The Eurostoxx50 index generated a technical sell signal on 13/6/16 at 2853. The further sell off last night resulted in the minimum downside target located at 2700 being reached. The index technical outlook remains negative given there is no sign of base forming emerging. The declines that have occurred over recent days have resulted in the minimum downside targets also being reached by the DAX and CAC indices. Downside potential remains from a technical perspective on the FTSE (and also the Dow Jones, S&P500 and Nasdaq indices).


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