• EUR50 reversed from support level 3900.00
• Likely to rise to resistance level 4050.00
EUR50 index recently reversed up from the pivotal support level 3900.00 (former resistance from March) – intersecting with the 38.2% Fibonacci correction of the upward impulse from February.
The upward reversal from the support level 3900.00 created the daily candlesticks reversal pattern Bullish Engulfing- in line with the active impulse wave 5.
EUR50 index is likely to rise further toward the next resistance level 4050.00 (former multi-month high from April).
- WTI crude oil broke resistance area - Likely to rise to resistance level 76.00…
- S&P 500 reversed from support area - Likely to rise to resistance level 6000.00…
The technical picture for gold is mixed, but a dip below the 50-day moving average…
The US stock market is starting the year in a state of fear, as reflected…
The crypto market is struggling to grow without the support of stock markets, with reduced…
- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…
This website uses cookies