Clive Lambert, Director, Futures Techs, joined us in the Tip TV Finance Show today to discuss the technical outlook for DAX 30, Euro Stoxx 50, FTSE 100, GBP/USD, and EUR/GBP.
Key Quotes
DAX 30 - Sitting between two gaps. 9870 to the downside, and if we find buyers here can look for a run up higher towards 10000
Euro Stoxx 50 - Gap resistance at 2976. A little bit of upside rejection, but nothing too serious. Support around 2900 area, can consider longs here to fill the gap to the upside.
FTSE 100 - Bullish looking chart, and it remains this way as long as we are above 6400 area.
GBP/USD - Seeing a bit of rejection at earlier highs. Further retracement ahead possible towards 1.35-1.36 area.
EUR/GBP - If we continue to see weakness we might find buyers around the low 0.82 area, before bouncing higher.