Euro stoxx 50: ⬇️ Sell
– Euro stoxx 50 broke two upward sloping support trendlines
– Likely to fall to support level 6200.00
Euro stoxx 50 index recently fell sharply breaking the two upward sloping support trendlines from June and March.
The breakout of these support trendlines accelerated the active minor corrective wave 4.
Euro stoxx 50 index can be expected to fall further to the next support level 6200.00 (former low of wave iv) – the breakout of which can lead to further losses toward the next support level 6100.00.