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.
Continental shares price ended its negative attack by facing solid key support around 122.50, to assist to stop the negative bleeding and bring the hope back to start forming bullish trades in the near term and medium term period, while getting new positive momentum allows us to expect rallying towards 133.60 level direct, and breaching this barrier will close the gap that appeared at 145.85.
On the other hand, facing new negative pressures and attempting to crawl below the current support will force the price to renew the negative attempts and suffer many losses by targeting 115.00 level followed by reaching 61.8% Fibonacci correction level at 104.40.
The expected trading range for today is between 122.50 and 133.60
The expected trend for today: Bullish