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Market Update: EUSTX50 Support and Resistance Dynamics

Long
Euro Stoxx 50 Index (PEPPERSTONE:EUSTX50)  
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PEPPERSTONE:EUSTX50   Euro Stoxx 50 Index
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Hello Everyone,

The EUSTX50 has discovered support sooner than anticipated! It's crucial now for the price to maintain its position above the 1-month pivot point to sustain a bullish momentum. Currently, there's notable activity from sellers. In the short term, what's imperative is for the 1Y strong resistance point @ 4982.06 to transition into a support!


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