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Big movement expected on EUSTX50 after a breach of the support

EUSTX50 has broken through a support line of a Channel Up and suggests a possible movement to 3798.9750 within the next 8 days. 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 70 days.

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We expect LE to trend downwards today with a 80% chance.

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