Technical Analysis – EU Stocks 50 Index hits 4½-year high but momentum is waning

EU Stocks 50 Cash Index (EU50) hit a fresh 4½-year high of 3777.61 earlier this week, extending the recovery from last December’s 2-year trough of 2907.25. However, the positive momentum has since started to ease and technical indicators support the retreat in price action. The stochastics have fallen off overbought levels and the RSI is […]