EUSTX50 is heading towards a price line of 3675.0000 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
A Rising Wedge has formed, NAS 100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
NAS 100 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
US 500 has broken through a level it has tested 4 times in the recent past.
US 500 has broken through a resistance line. Because we have seen it retrace from this price in…
Will DAX 40 break through the resistance level it tested before?
DAX 40 is about to retest a key horizontal resistance level near 20029.5996. It has tested this level…