Tag: EUR50

• EUR50 reversed from support area • Likely to rise to resistance level 3535.0 EUR50 index recently reversed up from the support area located between the long-term support level 3420.00 (which stopped all previous downward impulses from March) and the lower daily Bollinger Band. The upward reversal from this support area stopped the C-wave of […]

• EUR50 falling inside active correction 4 • Likely to fall to support level 3575.00 EUR50 index recently reversed down from the powerful resistance level 3800.00 (which has been reversing the price from the end of April). The resistance zone near the resistance level 3800.00 was strengthened by the upper daily Bollinger Band and the […]

• EUR50 broke the support zone• Likely to fall to support level 3600.00 EUR50 index recently broke the support zone lying between the key support level 3700.00 (which stopped wave (i) at the end of April) and the 50% Fibonacci correction of the upward impulse (1) from March. The breakout of this support zone accelerated […]

• EUR50 broke support level 3750.00• Likely to fall to support level 3550.00 EUR50 index under the bearish pressure after recently breaking the support zone lying between the key support level 3750.00 (low of wave (i)) and the support trend line of the daily down channel from January. The breakout of this support zone accelerated […]