European stocks index (SX5E) price have been surging since the beginning of the third quarter 2022.
As of now, the price stands in between 0.618 and 0.786 levels of Fibonacci which suggests to take profit.
Moreover, the actual situation with the war in Ukraine and the inflation still under the loop, the risk of depreciation is still apparent.
Conclusion: Good timing to take profit on a mid term horizon.
As of now, the price stands in between 0.618 and 0.786 levels of Fibonacci which suggests to take profit.
Moreover, the actual situation with the war in Ukraine and the inflation still under the loop, the risk of depreciation is still apparent.
Conclusion: Good timing to take profit on a mid term horizon.
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