London - Eurozone shares marked time on Tuesday after a two-day rise that left some key regional indexes in "overbought" territory on a technical basis.
An unexpected rise French industrial morale helped put a floor on the market, however, building on a strong German business sentiment survey on Monday.
At 10:11 the eurozone Euro STOXX 50 was flat at 3 213.10 points. Germany's DAX was up 0.1% while France's CAC was flat.
All three indexes closed in "overbought" territory on Monday, based on their 7-day Relative Strength Index, a momentum indicator which compares the magnitude of rises and falls in prices.
"The market was pretty 'overbought' so a small pullback (in the Euro STOXX 50) from here towards 3 190 is normal," said Roelof-Jan van den Akker, a senior technical analyst an ING in Amsterdam said.
"A short-term consolidation making a higher bottom for a couple of weeks before the next rally starts would be my most likely scenario."
The broader FTSEurofirst 300 index of pan-European shares was down 0.1% at 1 385.96 points.
Kingfisher fell 2% after Europe's No. 1 home improvement retailer posted an 11.8% decline in third quarter profit, hurt by a weak French market and foreign currency movements.