TVC:SX5E            
With the today’s High the waveC is ended. Due to a thin trading day (Wall Street closing) the index has retraced till 23.6% Fibonacci level of the range B-C.
The breakout of level 3400 could bring the price first to 3380 then to 3360.
On the other side, the breakout of today’s High could bring the price in area 3460/3470 first, then in area 3500/3510

Our operative strategies:
Current exposure: Delta neutral
On breakout 3400: Delta negative at least till the first target
On Breakout 3440: Delta positive at least till the first target