Technical Analysis – EU stocks 50 index retreats from 2-year high but outlook still bullish
The EU 50 stocks index has turned bearish in the short term after the recent upleg became overstretched. The RSI is trending down after scaling overbought levels, pointing to a downside momentum in the near term. Further losses could see prices finding immediate support from the middle Bollinger band at 3638. A move to the […]