Euro STOXX 600 Bounces Slightly Back

The Euro STOXX 600 rose about 1.4% in the early European trading session. The market found supportive buyers around the swing lows back from March and heading higher towards the Year’s DVAL level for potential resistance. Most of the VWAP perspectives from the Yearly to the Monthly are imbalanced to the downside, giving the intraday periodicity a bearish bias. Currently, the market test sells around a prior VWAP close level while buyers could target the Year’s developing VWAP level.

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