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Big movement expected on EUSTX50 after a breach of the resistance

EUSTX50 has broken through a resistance line of a Channel Down and suggests a possible movement to 4083.9103 within the next 13 hours. It has tested this line 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 7 days.

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Important price line being approached by Gold AUGUST 2021. This price has been tested numerous times before.

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