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Cash Estoxx targets next resistance

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  • European indices continue to performer well, some continuation since the Cash open, Stoxx600 holds onto gains, at a new record high.
  • Some focus on Cash Estoxx (SX5E), and the 5053.00 level.
  • Although not a good technical study for the index, a clear break through that level would open to the 5070.76 gap, from the 4th of April, followed by 5121.71, the April high and the highest print since 2000.

Chart source: MNI/Bloomberg.

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  • European indices continue to performer well, some continuation since the Cash open, Stoxx600 holds onto gains, at a new record high.
  • Some focus on Cash Estoxx (SX5E), and the 5053.00 level.
  • Although not a good technical study for the index, a clear break through that level would open to the 5070.76 gap, from the 4th of April, followed by 5121.71, the April high and the highest print since 2000.

Chart source: MNI/Bloomberg.