empty
 
 
23.06.2023 06:53 PM
Technical analysis on EUROSTOXX50 for June 23rd, 2023.

This image is no longer relevant

Blue line- support trend line

Yellow rectangle- triple top rejection

EURSTOXX50 index remains technically in a bullish trend. Price however formed a triple top rejection at 4,418-4,400 and is now challenging the short-term upward sloping support trend line at 4,234. As long as price is above the blue trend line, bulls continue to have the upper hand. Recent price action implies that there are increased chances of a bigger price reversal and a break below the blue trend line. The RSI has been providing bearish divergence signs over the last few months.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback