Euro Stoxx 50: Only above 2928 would mark a conclusive break higher – Credit Suisse

Euro Stoxx 50 capped at flagged resistance at 2928, completing a small bearish reversal day, as analysts at Credit Suisse note.

Key quotes

“Only above 2928 would mark a conclusive break higher to clear the way for a move back to 3020/24 – the April high and 63-day average.”

“Support moves to 2871/62 initially, beneath which is needed to ease the immediate upside bias with support then seen next at 2840, then more importantly at 2794/91.”