European equities facing a headwind

The European equity index is a tough one to analyses. The index has had a strong recovery, however, there are still structural headwinds that the EU faces. Interest rates in the EU zone are unlikely to rise anytime soon whilst the Euro is likely to be deflationary going forward.

The trading signals suggest that the index has reached a high point and needs a correction to the downside. Whether that's temporary or signals a consolidation range, remains to be seen.

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Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Chart PatternseuropeanmarketeuropeanstockseurostoxxFundamental AnalysisTrend Analysis

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