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EURN buying opportunity
EURN has been respecting an upward trendline for quite a long time, with a recent bounce of it once again (red circles).
Furthermore the downward trend has been broken recently, which is another good sign.
And don't forget we still have a gap to fill at 8.885, plus fundamentals are good with a target of EUR 13.50.
So overall looking bullish for now.
So what needs to happen now is a retest of the downward trendline and/or the most recent horizontal support. This will then provide the foundation for a new uptrend and present a good buying opportunity.
Furthermore the downward trend has been broken recently, which is another good sign.
And don't forget we still have a gap to fill at 8.885, plus fundamentals are good with a target of EUR 13.50.
So overall looking bullish for now.
So what needs to happen now is a retest of the downward trendline and/or the most recent horizontal support. This will then provide the foundation for a new uptrend and present a good buying opportunity.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.