EUROSTOXX50: trading in downward channel Technical analysis as of 03.06.2016

Forex analytics: Analysis and evolution: On the daily chart, EuroStoxx50 index is trading in a downward channel whose upper border passes between resistance levels of 3110.0 (ЕМА200 and 50% Fibonacci retracement to a descending wave since December 2015) and 3070.0 (ЕМА144).The price has almost reversed to a level of 3050.0 from which May's decline had started.Until indicators have reversed and pointed ...