• 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)).
Bitcoin: ⬆️ Buy - Bitcoin broke resistance area - Likely to rise to resistance level…
NZDJPY: ⬇️ Sell - NZDJPY reversed down from the resistance area - Likely to fall…
Leverage is a mechanism that lets traders control larger positions using smaller capital. By choosing…
US GDP growth is driven not by the White House, but by AI. The Bank…
The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…
Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…
This website uses cookies