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Eurostoxx's challenge

Europe's top blue-chip index has a significant hurdle to surmount before an uptrend is confirmed
May 8, 2013

The leading blue-chip index for the eurozone has gained 38 per cent since mid-2011, says Mark Sturdy at www.sevendaysahead.com.

However, the Eurostoxx 50 has run into a cluster of resistance levels in the 2668 region. And the downtrend from 2007's highs is far from being tested and broken. We are only buyers on a break of 2830.