Euro Stoxx 50 M15: There are signs of weakness in the upward momentum

  • 4 months ago
  • Signals
  • 1 minute Read

Analysis of the Euro Stoxx 50 chart unveils signs of weakness in the upward movement.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
It is recommended to focus on short positions on Euro Stoxx 50. Entry points can be detected now or upon the technical confirmation after a retest of this level.
📌 Entry: 5317.40
✔️ First target: 5287.60
✔️ Second target: 5279.41
❌ Stop order: 5342.20