Euro Stoxx 50 (SX5E) Up 0.02%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for SX5E

Last Updated June 10, 2021, 18:20 GMT

Currently, Euro Stoxx 50’s price is up 3 (0.07%) from the hour prior. Euro Stoxx 50 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Euro Stoxx 50 Daily Price Recap

The choppiness in the recent daily price action of Euro Stoxx 50 continues; to start today, it came in at a price of 4096.85 US dollars, up 0.02% (0.84) since the day prior. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 5th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.