Will EU Stocks 50 Index have enough momentum to break support?
EU Stocks 50 Index is heading towards the support line of a Rising Wedge and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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