EUSTX50 has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 10 days and suggests a target line to be around 4017.8083 within the next 15 hours.
Related Posts
Nikkei 225 – breach of a trending support line that has been tested at least twice before.
The last 8 30 Minutes candles on Nikkei 225 formed a Triangle pattern and broken out through the…
Will FTSE 100 break through the support level it tested before?
The price of FTSE 100 in heading back to the support area. It is possible that it will…
DOW 30 – approaching a resistance line that has been previously tested at least twice in the past
DOW 30 is heading towards the resistance line of a Rising Wedge and could reach this point within…