Euro Stocks Technical Analysis

Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Dax December hit our buying opportunity at 15580/530 with stops below 15500 but over ran to 15483. I am hoping you held on for the bounce to 15620 & 15670, with prices reaching 15715.
EuroStoxx 50 December finally hit the next target of 4245/50 with a high for the year at 4254.
FTSE 100 December unfortunately longs at first support at 7225/15 were stopped below 7200 & then we missed best support at 7160/40 by 8 ticks. Video analysis: https://youtu.be/auVV6G3UHEk
TODAY’S ANALYSIS
Dax longs at 15580/530 (if you managed to hold the position) hit the target of 15700/750. Further gains are expected at the start of the towards 15950/16000.
Downside is likely to be limited with minor support at 15630/10. If we continue lower try longs at 15500/500 with stops below 15470. (Targets are 15620, 15670, 15750).

EuroStoxx finally hit the next target of 4245/50 as we look for 4265/69. If we continue higher look for 4295/99.
Try longs at 4225/15 with stops below 4200.

FTSE crawls slowly higher in volatile conditions – certainly making it tough to hold a long on Friday. Still, downside is expected to be limited with minor support at 7200/7180. Best support at 7155/45. Longs need stops below 7130.
Above 7240 targets 7260 then 7290/99.

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Jason Sen, Director
https://www.daytradeideas.co.uk
20211101