Economies.com provides the latest technical analysis and forecast of the European stocks, in order to keep track of the trend of the EU stocks.
EADs shares price jumped above 123.64 barrier yesterday, to start recording new historical targets by reaching 123.12, and as long as the price is within the bullish channel, that will confirm the preparation to record additional targets, expecting to move towards 127.30 followed by waiting to touch the bullish channel’s resistance at 129.80.
Stochastic attempt to crawl towards the overbought areas will increase the chances of gathering the additional positive momentum to confirm its preparation to record the suggested additional targets.
The expected trading range for today is between 123.60 and 127.30
The expected trend for today: Bullish