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Big movement expected on EUSTX50 after a breach of 4038.0000

EUSTX50 has broken through a line of 4038.0000 and suggests a possible movement to 4097.0000 within the next 8 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.

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We expect UB to trend downwards for the next 48 hours.

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Resistance line breached by Gold JUNE 2021. This price has been tested at least twice before.

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