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Euro Stoxx 50 Index
Long
Updated

STOXX 50 DAILY LONG 2618

110
Very good high probability setup for change in direction. Strong level of support. RSI oversold with divergence and last leg sign of a retracement. Bears couldn't break lower that lever last week. If Italian election ends well and Merkel do her job for Germany things might go pretty well.Relatively cheaper equities in EU makes me think 2018 EU may overperform US indices. Will see. Expecting appreciation further of the EUR. 2:1 RRR. DAX CAC BEL will tell the story. Good Luck
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TG_Advisory
Double Top or BottomEUEUROPE 50euequitieseuropeeurope50stoxxstoxx50Supply and DemandTrend Analysis

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Double Top or BottomEUEUROPE 50euequitieseuropeeurope50stoxxstoxx50Supply and DemandTrend Analysis
TG_Advisory

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.