Euro Stoxx 50 Breaching Major Uptrend line

08/06/2011 Uncategorized  No comments

eurostoxx50

As flagged several times the past few weeks, the Euro Stoxx 50 index was in danger of breaking a major uptrend line that has been in place since May 2010.  

That uptrend has now officially been broken as the index closed below it two days in a row and today is continuing that slide.  

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