Best Buying Zones for the Stoxx 50 Index on the Daily Timeframe

The Stoxx 50 index is still moving in a strong upward trend, especially after breaking through previous resistance levels and exiting the sideways movement.

The index is currently attempting some expected corrections, and this movement may extend to the demand zones identified on the chart.

Expected Targets

If the index tests the demand zones identified on the chart near the 6306.92 level, we expect to see a renewed upward move targeting the 6400 and 6500 levels, respectively.

However, this analysis and the expected upward movement will be invalidated if the demand zones are broken and the price closes below them on a daily candle.