Euro Stoxx 50 to surge higher towards 4350 – SocGen

Euro Stoxx 50 has pushed beyond a multi month descending channel (4130pts). Economists at Société Générale expect the index to soar as high as 4350pts.

Holding above 4310pts is critical to see further gains 

“A retest of the high formed in September near 4250pts can’t be ruled out. Next projections are located at 4350pts.”

“Consolidation above the channel band near 4130pts will be crucial for persistence in the up move.”