Euro Stoxx 50 At Key Level

Its decision time for this index. Price is sitting right at the supporting trendline
and is confluent to the 200 MAV at 4775.

A consistent break here, and we start to look at possible Fibonacci levels of support

The .382 fib level at 4697 is a natural target for any further corrective movement.

Momentum is to the downside with RSI printing 37 on the daily. Since not OS, there is
room to move lower.