• EUR50 reversed from pivotal support level 3440.00
• Likely to rise to 3600.00
EUR50 index recently reversed up with the daily Hammer from the support area lying between the pivotal support level 3440.00 (former multi-month resistance from July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from November.
The upward reversal from this support area stopped the previous ABC correction ② from the start of December.
Given the predominant uptrend – EUR50 is expected to rise further toward the next resistance level 3600.00 (which stopped the previous corrective wave (B)).
Today is Thursday, the 18th of December, and we'll be talking about the British pound…
Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…
Waller's dovish rhetoric halted the bears' attack on EURUSD. Slowing UK inflation caused the pound…
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
This website uses cookies