The Possible Next Move of Euro Stoxx 50
The Euro Stoxx 50 has recently reached the lower boundary of its trading channel, suggesting that it may be poised for a potential uptrend. Upon analyzing the chart, two likely scenarios have emerged: a double bottom formation or a rectangular trading range. Of the two possibilities, the double bottom pattern appears to be the more probable outcome.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.