Europe 50
Singkat

EU50 approaching resistance, potential drop!

707
EU50 is approaching our first resistance at 3167 (ascending overlap resistance, horizontal swing high resistance, 76.4% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 3088 (horizontal overlap resistance, 161% fibonacci exteension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks

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