SX5E - On track to the top

As we said in the previous analysis of this index last week, the price moved upwards and we think it will reach the important resistance area marked on the chart. However, there could be corrective moves that could reach the blue trendline formed by connecting the lows of December 18th and January 28th.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Chart Patternseuropeeurostoxx50indexTechnical IndicatorsIndicesEURO STOXX 50 CFDtradingTrend Analysis

Also on:

Related publications

Disclaimer