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From : International Equity Index Daily Hotline: 27 November 2015
Chart of the day: Euro Stoxx 50 resumes advance...


Having encountered support at the highs of the late-August/mid-October base; near both the 50 and 200-day Moving Averages, the Euro Stoxx 50 index has now cracked resistance at the early-November ceiling at 3485.55.  That move has renewed the advance towards the 3700 region; and triggers the opening of a long trade (see hotline for 25 November).  The stop is placed at 3225 for now.



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