Best Buying Zones for the Stoxx 50 Index in the Medium Term

The Stoxx 50 index is moving sideways with an upward bias. It has broken through the corrective downtrend and established new buying demand zones, confirming continued buying pressure.

Currently, the price action suggests an upward trend in the long term. Therefore, it is advisable to look for buying opportunities during any corrections in the index.

Expected Targets

If the index falls to the new buying demand zones near the 5778 level shown on the chart, we expect to see a rise to the targets near 5840, 5920, and 5990, respectively.

Even if these levels are broken, we may see a rebound from the next level near 5680. This area is currently considered one of the best buying zones for the index.