- EUR50 rising inside sideways price
- Likely to reach resistance 5200.00
EUR50 index continues to rise inside the sideways price range set between price levels 5200.00 and 5500.00 – which have been reversing the price from May.
The earlier upward reversal from the support level 5200.00 started the active short-term corrective wave 2, which belongs to the impulse wave (3) from July.
EUR50 index can be expected to rise to the next resistance 5200.00, which is the upper border of the active sideways price range.
- Likely to reach resistance 5200.00
EUR50 index continues to rise inside the sideways price range set between price levels 5200.00 and 5500.00 – which have been reversing the price from May.
The earlier upward reversal from the support level 5200.00 started the active short-term corrective wave 2, which belongs to the impulse wave (3) from July.
EUR50 index can be expected to rise to the next resistance 5200.00, which is the upper border of the active sideways price range.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.