US500
Looking technically at the chart of the US500 index, the quotes have been in a downtrend since the beginning of April. As for the H4 interval, the course remains in a downward channel. Despite the braking of the movement in the region of 3860 points, no major demand reaction is visible. If the price remains in the mentioned downward channel, the attack on the last minima should be a matter of time. On the other hand, if the upper limit is negated, the upward correction may extend towards 4055 points or 4100 points. The first level results from the upper limit of the 1:1 system, and the second from previous price reactions. Only a breakout above 4100 points could cause a change in sentiment to bullish.
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US500 interval H4. Source: xStation5
EURUSD
The quotations of the main currency pair are following the scenario assumed in the last analyses. In the long term, EURUSD is moving in a downtrend, and the last upward correction reached the key resistance zone at 1.0726. If the negative D1 candle remains, we will have to deal with the bearish engulfing pattern, which heralds declines. If such a scenario is realized, declines may extend towards the support zone at 1.0490. On the other hand, if the aforementioned resistance at 1.0726 is negated, which upward may move towards the next resistance at 1.0940.
EURUSD H4 interval. Source: xStation 5
DE30
Looking at the German stock index, in turn, the quotations have been moving in a downward channel recently. If the sentiment does not change, the attack on the support zone at 13 625 points is possible. If it is broken, the next target for market bulls will be the bottom of 10th May at 13,275 points. On the other hand, in case the sentiment changes and the downward channel is negated, the zone at 14,300 points should be considered as resistance.
DE30 H4 interval. Source: xStation 5
