EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx opened higher, above last week’s lows and rallied almost vertically throughout the day as short positions were reduced following the strong selling pressure that marked the start of November. Our yesterday’s strategy neutral entry short at 2,460 provided limited value against the backdrop of rallying equities and was stopped out by the US cash open. The index gained 2.34% in yesterday’s trade and found interim resistance in the vicinity of
More here:
The retracement which started at the beginning of last week