Breakout Above Multi-Year Resistance

FX:EUSTX50   Euro Stoxx 50 Index
168 4
After consolidating for about two weeks, the EUSTX50 screamed higher gaining about 90 points within the last two days. In the process, it broke through a multi-year resistance level shooting vertical over today. Any pullbacks towards 2955 should be considered buying opportunities, targeting 3000, and 3100. Bullish bias remains while daily closes are above this level.
Thanks Chris, Benefitted from this one. Worked perfectly for me. What is the next level ?
Glad you profited from this one. Next up is 3050 and 3100 which are multi-year levels so should be interesting to see how it relates to the air up there.
Getting closer to the pullback area. Very good place to enter
2ndSkiesForex Ryan Tyler
Yep, as we stated - any pullbacks to the 2955 level should be considered good buying opportunities.

And the low on the day? 2955.

Textbook setup so hopefully you have profited from that.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out