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Euro Stoxx 50 IndexEE

Euro Stoxx 50 Index

5,402.97EURR
−7.57−0.14%
As of today at 08:57 GMT
EUR
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Eurostoxx 50 at Important Support.Eurostoxx 50 at Important Support. Production in Europe is Declining As data released this morning showed: → Purchasing Managers' Index (PMI) in France: actual = 42.6, expected = 44.4, a month ago = 43.6. Thus, the index dropped to its lowest level since the panic associated with the spread of coronavirus. → PMI in Germany: actual = 40.7, expected = 40.1, a month ago = 39.8. Since the values of the PMI index (considered a leading indicator of the state of the economy, calculated by S&P Global) are significantly below 50, this indicates a contraction of the economy in the 2 most important countries of Europe in the context of high interest rates. It is not surprising that the European stock index Eurostoxx 50 shows bearish dynamics: the price is below the SMA (100), which is directed downwards. The publication of PMI values added negativity. Will the bearish trend continue? The Eurostoxx 50 chart gives hope, because the Eurostoxx 50 has dropped to key support, which is located at the psychological level of 4,000. In the past, this level has had a noticeable impact on market dynamics: the price either bounced or made a breakout with a subsequent test. This psychological level property can be used to find an entry point into a position while reducing risk. It is possible that the level of 4,000 may become a factor for the emergence of a bullish impulse, which will lead to a noticeable rebound; the proximity to the lower line of the ascending channel (shown in blue) can also add courage to the bulls. But for the rebound to develop into a sustainable upward trend, it can be assumed that positive evidence about the state of the European economy will be required. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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by FXOpen
European Stocks falls📉 - Whats next?Hi Traders, the EU50 lost over 3,5% within the last 2 days. Is this only the first drop before big selloff 📉📉? Or a normal consildation? Which zones are important? If we look at the Chart the longterm Uptrend is still valid. So for now it looks like its a normal consolidation. Important Zones are: Support: Zone between 4350 and 4300 Resistance: 4500 Also the EMA200 is still moving upwards and the market is right at this zone building a possible reversal (bullish Engulfing). So there is a possible long trade option. Wish you maximum success! Michael - tegasFX
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by tegasFX
STOXX50 ready for its next upside to 5,041Since our last trade analysis, STOXX50 reached our target at 4,370 from the W Formation pattern that broke up and out of. Today, we have our confirmation of another bullish pattern for upside, the Box Formation. The price has broken up and above the pattern and we have upward momentum indicators confirming upside to come including: 7>21>200 - Bullish RSI>50 Target 1 will be to 5,041 ABOUT THE INDEX STOXX 50: The STOXX 50 is a stock index that represents 50 of the largest and most liquid stocks across 18 European countries. It is one of the most widely followed European equity indices. Blue-chip companies: The index comprises blue-chip companies from various industries, including banking, technology, healthcare, energy, and consumer goods. Diverse countries: The STOXX 50 includes companies from major European economies, such as Germany, France, Switzerland, the Netherlands, Spain, and others. Historical performance: The index was launched in February 1998 with a base value of 1,000 points.
VLong
by Timonrosso
$EUR50 - Recession - Eurozone OANDA:EU50EUR is officially in Recession due to two consecutive negative quarters in a row. The Euro-Zone entered a Recession in the first quarter of this year and economists are not optimistic for the coming months. Having said that, its Index OANDA:EU50EUR continues to hold its head up high, but the question is, how much longer will it maintain to do so ? Will the situation get better for Europe or domino effect has just gotten started ? TRADE SAFE *** NOTE that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking on any trading activity based solely on this Idea .
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by Mr_J__fx