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Big movement expected on EUSTX50 after a breach of 4224.0000

EUSTX50 has broken through a line of 4224.0000 and suggests a possible movement to 4199.6499 within the next 5 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 6 days.

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Important price line breached by Merck & Co. Inc.. This price has been tested numerous times before.

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UK100 is quickly approaching 7074.5000. We expect either a breakout through this line, or a rebound.

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