Breach of important price line imminent by EU Stocks 50

EU Stocks 50 is moving towards a line of 3947.2000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EU Stocks 50 continues in its current trajectory, we may see it move towards 3947.2000 within the next 12 hours.

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