Euro stoxx 50 approaching resistance, potential drop!
Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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