Technical Update - AEX25, BEL20 & CAC40 short- and medium-term outlook

BEL20 is dancing around 0.618 retracement and the lower part of the Cloud just below strong resistance at around 3,820 and the 55 daily Moving Average. RSI still be low 60 threshold i.e., negative sentiment, sellers could take back control to push BEL20 down to support at around 3,690.
But if BEL20 can close inside the Cloud and above the 3,820  RSI is likely to shift to positive suggesting higher level for BEL20.
If that scenario plays out there is resistance at around 3,894.

Medium-term BEL is in downtrend bouncing from 0.618 retracement. Weekly RSI is positive  but BEL20 is struggling for upside momentum. A close above 3,800 is needed.
To resume and extend downtrend if taking out 3,523

CAC40 is closing in on all-time highs. At the time of writing RSI is back above 60 and if closing above strong indication of CAC40 will break above all-time highs at 7,491. If that plays out there is potential up the 1.382 projection at around 7,632 but could extend to 1.618 projection at around 7,775.
However, a minor short-term correction down to test the cloud possibly testing the 55 daily Moving Average should not be ruled out.
But for CAC40 to reverse the short-term uptrend a close 6,953 is needed.

Medium-term CAC40 looks similar to DAX – see Technical update on DAX and EuroStoxx50. A larger correction . RSI testing falling trendline. A close above will support higher CAC40 levels.
To reverse the medium-term uptrend a close below 6,796 is needed.