Source : Reuters lire le PDF

"If I were talking to a trader I'd say 'Buy now and sell at (Monday's high of) 334 and a half even though it's a really small gain'", said Valerie Gastaldy, head of Paris-based technical trading firm, Day-By-Day.

"This is a sideways market and I'd do as little trading as possible because both upside and downside are limited."

Gastaldy said the STOXX may fall as low as 320 points in the next few weeks and was waiting for the S&P 500 which had hit an all-time high on Friday, to resume its uptrend before buying back into European shares.