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Euro STOXX Future ($FESX_F) Bull Risk to Key Long Term Target at 3520!

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Euro STOXX Future ($FESX_F) Bull Risk to Key Long Term Target at 3520!

An erratic Thursday session, but a firm dip and bounce from just ahead of modest support we flagged at 3438 to another new cycle high, close to the psychological/ option target at 3500.

Moreover, the push this week above key monthly chart levels from August 2008 at 3474, after the strong rally last Thursday through 3438, another key monthly peak from September 2008 has further re-energized the bull theme for the month.

February risk (today?) is higher to the key 61.8% retrace of the entire 2007-09 bear market at 3520!!

If you want to see more, you can view the full EuroSTOXX future report with screencasts, levels and day trade views - click here
And remember, for a FREE trial of our Equity Index Futures and all other reports sign up by clicking here

Monthly EuroSTOXX 50 Future Chart

b2ap3_thumbnail_fesx1_20150220-064929_1.png

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Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

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