New lockdowns kicking in for multiple countries within europe offer the possability of reduced economic activity in the near term through out the easter period. 

Also, ECB stimulus releif is still only trickling out at a reduced compacity to those industries that are struggling, namely hospitallity and tourism sectors are the first to come to mind.

In terms of the Daily chart I have had these trend lines in place as guidnlines for a number of weeks and given the sentiment towards europes lockdowns, I feel that price is currently sitting near a a good source of resistance to put a stop behind.

I am aiming to reach the next guiding trendline down.

On an hourly chart and using simple moving averages a crossover fo the 50 and 200 has occured with remaining regression averages all pointing south.

STOXX50 Short

Mar 24 2021

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