European Stocks fallsð - Whats next?
Hi Traders,
the EU50 lost over 3,5% within the last 2 days.
Is this only the first drop before big selloff ðð?
Or a normal consildation? Which zones are important?
If we look at the Chart the longterm Uptrend is still valid. So for now it looks like its a normal consolidation.
Important Zones are:
Support: Zone between 4350 and 4300
Resistance: 4500
Also the EMA200 is still moving upwards and the market is right at this zone building a possible reversal (bullish Engulfing).
So there is a possible long trade option.
Wish you maximum success!
Michael - tegasFX
the EU50 lost over 3,5% within the last 2 days.
Is this only the first drop before big selloff ðð?
Or a normal consildation? Which zones are important?
If we look at the Chart the longterm Uptrend is still valid. So for now it looks like its a normal consolidation.
Important Zones are:
Support: Zone between 4350 and 4300
Resistance: 4500
Also the EMA200 is still moving upwards and the market is right at this zone building a possible reversal (bullish Engulfing).
So there is a possible long trade option.
Wish you maximum success!
Michael - tegasFX
ðTrue ECN STP Broker
ð tegasfx.com/
ð tegasfx.com/
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