US100: Decisive moment for the index

US100, Daily

The asset is moving locationally sideways between resistance 21530 and support 20900. The momentum indicator indicates a bearish sentiment.

If the price breaks the resistance level, the growth will continue to 22180;

However, if the price breaks the support level, the decline will start at 20150.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: FBS Analyst Team

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