The broad STOXX Europe 600 benchmark share index, which reached a near five-year high last Friday, is heading for 307 points, says Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day.
The target represents a long-term resistance level, the 61.8 percent Fibonacci retracement of the index's 60 percent plunge from mid-2007 to early 2009
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The broad STOXX Europe 600 benchmark share index, which reached a near five-year high last Friday, is heading for 307 points, says Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day.
The target represents a long-term resistance level, the 61.8 percent Fibonacci retracement of the index's 60 percent plunge from mid-2007 to early 2009