– EUR50 index broke the resistance area
– Likely to rise to the resistance level 5500.00
EUR50 index recently broke the resistance area between the key resistance level 5300.00 (which stopped the previous minor impulse wave iii in January) and the resistance trendline of the wide up-channel from November.
The breakout of this resistance area accelerated the v-wave of the active sharp upward impulse wave C.
Given the clear daily uptrend, the EUR50 index can be expected to rise to the next resistance level 5500.00 (target price for the completion of the active impulse wave C).
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