EWZ May Fall Down to 30.75 - 30.45 in the Medium Term
After breaking bellow a bearish flag-like consolidation, EWZ reached the contracted objective point at 32.00 in an agreement support zone. Market is now testing the broken line from the downside in a pull back movement. If the broken line can hold the market, EWZ tends to reach the next target in the objective point area at 30.75 - 30.45, which is also an agreement support.