Saturday, January 13, 2018

EURO STOXX 50 encountered a resistance level

EURO STOXX 50 encountered a resistance level

Looking at the chart, the share price in the index EURO STOXX 50 vary greatly, but in general there is a single one-way speakers. As a result, the latter accelerating growth index reached the upper limit of short-term trading range of 3065 to 3072. The lines of Bollinger expand. Between the 20-day and 50-day simple moving averages on a 30-minute chart was formed "a bullish cross". There is a mixed picture. As long as 3072 is resistance level, it is necessary to wait for the volatility with a downward bias. Intraday support levels are located at 3024 and 3010. Above 3072 is likely to increase in 3100. At the time of writing this article EURO STOXX 50 was at the level of 3054 points.




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