A more notable setback Tuesday, but whilst above 3532 we see bullish pressures still intact to leave March upside risks intact.
We bullish pressures from the February push through a key longer term target at the 61.8% retrace of the entire 2007-09 bear market at 3520, which re-energized the bull theme for March.
For Today: We see a neutral tone between 3551 and 3590, but with a modest upside bias.
- Break above 3590 aims for 3622.
- Break below 3551 aims for 3532.
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2 Hour EuroSTOXX 50 Future Chart