Short term view - EURONEXT NV : The major resistance has been reached, it causes the fall.
A correction is underway. The trend is not bullish anymore as the previous significant low has been broken, but it is not yet bearish. We do not have two descending peaks and troughs. The trend is neutral.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is supporting prices.
Euronext is a cross-border exchange. Co. operates combined regulated markets across Belgium, France, the Netherlands, Portugal and the United Kingdom (derivatives only). Co. offers a range of integrated services including the listing of financial instruments, trading in securities and derivatives, clearing, netting and settlement, market data dissemination and IT solutions and support. Co.'s customers include listed companies, members, institutional and individual investors who trade on Co. markets, other organizations, notably exchanges that use its technologies and services, and users of the financial and information generated by market activity.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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