EU50 - Daily - Possible Short Opportunity

٢٣ يوليو ٢٠٢٢

Hello Traders,

This graph shows the EU50 index on a daily timeframe.

The graph shows the convergence between actual downtrend channel and EMA100. It also shows a level of resistance on the RSI indicator.
Impact points on resistances and EMA100 are shown by red dots.

The EU50 might go a bit higher but shall reverse downtrend

Do not hesitate to comment

Regards,