Technical Analyst, Saxo Bank Group
Summary: AEX25 uptrend is a bit stretched but indicators are suggesting the Index could move higher. 875-880 could be seen
Key support area to observe at 837- 831
AEX25 uptrend seems strong althoug a bit stretched.
However, RSI is showing positive sentiment with no divergence on both daily and weekly charts thus supporting higher Index levels.
A move to 875-880 is in the cards
Key support is the gap area between 837 and 831.
A correction could take AEX down to test the upper border of that area. However, a close below 831 i.e., a close of the gap could initiate a larger correction/trend reversal
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