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.
Comments
pradafx
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Thanks Chris, Benefitted from this one. Worked perfectly for me. What is the next level ?
2ndSkiesForex
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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.
Ryan_Tyler
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Getting closer to the pullback area. Very good place to enter
2ndSkiesForex
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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.