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April 02, 2023
- The STOXX Europe 50 Index overcomes resistance at 4,290; all eyes on 4,447 as next target
- Upper Bollinger Band® currently at 4,353.49
The STOXX Europe 50 Index closed Friday at 4,315 (with a daily low of 4,278.31) after ending Thursday at 4,285.42 and gaining 0.69%.
EuroSTOXX's upper Bollinger Band® is at 4,353.49, this is a slight indication of a slowdown. Despite this, the STOXX Europe 50 Index broke through the 4,290 resistance and climbed above it 25.2 points; next resistance level is at 4,447.
Examining the technical analysis landscape, the STOXX Europe 50 Index is likely to reverse course and start pointing downward in the short term.
The STOXX Europe 50 Index shows positive signs, other assets are also on par: Dow Jones went up by 1.26% Friday, and closed at 33,274. S&P 500 is trading around 4,109.31 after ending Friday's session at 4,050.83 (up 1.44% today). Nasdaq improves 1.74% Friday and closed at 12,000.
