Market: Eurex EURO STOXX 50 Index Futures, $FESX_F
Trading Levels: 2480/2510
Target: 2430
Chart 1
Yesterday the $FESX_F was rejected by our resistance at 2510, and an initial weakness is expected after the Eurogroup meeting failure, although buyers could step in around the 2480 mark.
Chart 2
The lighthouse will be the $EURUSD, which plunged from 1.2800$ to 1.2750$ during the Asian session. If the cross regains the 1.2800$, shorts have to be avoided. Probabilities of a good short setup will increase when the common currency will trade out of the up-rising channel toward the 1.2700$.
Chart 3
