EUR50: ⬇️ Sell
– EUR50 index broke support zone
– Likely to fall to support level 5000.00
EUR50 index recently broke the support zone between the support level 5130.00 (which stopped waves 4 and iv at the end of Jan airy), intersecting with 50% Fibonacci correction of the extended upward impulse (3) from November.
The breakout of this support zone should accelerated the C-wave of the active ABC correction (4) from February.
EUR50 index can be expected to fall to the next round support level 5000.00 (target price for the completion of the active C-wave).
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