The EURO will probably show the way for all indexes. The very strong resistance point is at 1.3237 and the last four days the EURO has tried to reach that point but failed. The daily trend looks like it has given up more trials at present and the weekly chart tells me we are o the verge to trend change.
All in all I believe right now that the beginning of a down trend could start any day for the stock market indexes and the Euro. Of course daily up beat news always can interfere with the technical daily picture but the daily and weekly trends cannot be changed by any news.
All in all I believe right now that the beginning of a down trend could start any day for the stock market indexes and the Euro. Of course daily up beat news always can interfere with the technical daily picture but the daily and weekly trends cannot be changed by any news.
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