The blue-chip Euro Stoxx 50 stock index restored bullish dynamics after meeting resistance at the 200-day moving average.
Euro Stoxx 50 index remains below moving averages despite upside correction. The Euro Stoxx 50 (EU50) index hit a 22-month low of 3167.70 on October 12, falling further below its moving averages (MA), before reversing higher. However, the rebound was cut short today after the index met resistance at the 38.2% Fibonacci retracement level of […]
Euro Stoxx 50 (EU 50) index turns bearish in the short-term; lacks direction in the long-term. The Euro Stoxx 50 stock index has declined considerably after touching the 3460 resistance level, recording two straight bearish weeks. On Friday, the price posted a five-month low of 3274.70, while it is currently not far above that nadir. The momentum indicators are supportive […]
Euro Stoxx 50 (EUR 50) slips to 7-week lows; looks for a rebound. Euro Stoxx 50 stock index lost 1.8% on Wednesday to find support at the 7-week low of 3,340 which stood as a barrier to the downside as well as to upside corrections a number of times in the past. This is also where the 78.6% Fibonacci retracement of the up-leg from 3,260 […]
Euro Stoxx 50 (EU 50) index touches 14-week high but returns some gains. The Euro Stoxx 50 index has completed the seventh bullish week in a row following the bounce off the 3260 support barrier. However, in the short-term, the index has erased some of its gains over the last hours during Friday’s session after it reached a new 14-week high of 3580.70. […]
STOXX Europe 50 stock index builds a base around 7-week high; a sideways channel in near term. EU 50 stock index has advanced considerably since roughly the end of March, hitting a seven-week high during Tuesday’s session. Price action is at the moment taking place not far below this peak. The index is developing within a trading range the last couple […]