Italy 40 - Daily - Could we get a bit more recovery?

Trade Alert

Currently aiming for the 22425 level. If that area doesn't hold then we could see a further continuation to the upside till we reach the 200 EMA on the daily chart. A break above that line could open the path towards the downwards moving trendline, for a test from underneath.
Alternatively, a move below the 21930 could attract some bears, who could drive the index back down to its recent lows. Please analyse the chart for setting the potential target.

Don't forget to place your SL, when entering a trade.