Euro Stoxx 50 Forecast: Coming Days and Long Term

All charts on this page show the Euro Stoxx 50 cash index (SX5E), drawn from Interactive Brokers data. The index is calculated from 09:00 to 18:00 CET, so the charts show no overnight moves. Prices of the FESX future and of CFDs can differ. Every chart runs to the close of 5 November 2026.

On the 4-hour chart Thursday's breakout attempt failed, and the index gave back part of Wednesday's gain. On Wednesday the index gained 2.0 percent, from 6,145 to 6,266. On Thursday it first rose to 6,319, above the October high at 6,311, then dropped to 6,196 and closed at 6,232. No close has been above 6,311 since 29 September.

The zone from 6,194 to 6,200 is the first decision point. It combines the September low at 6,194 and the February high at 6,200, and Thursday's low stopped inside it. If it holds, the highs at 6,311 to 6,319 are the next resistance. If it breaks, the November low at 6,103 is the next level.

Since the all-time high in August, the rally highs have been falling. After 6,577 on 12 August came 6,498 on 28 August, 6,416 on 8 September, 6,365 on 29 September and 6,311 on 6 October. Thursday's 6,319 is the first higher high in this sequence, but the close did not hold it.

On the downside the picture has improved slightly. The November low at 6,103 lies above the October low at 6,021, set on 23 October. A higher low alone does not end the correction, but it shows that buyers came in earlier than last time.

The index closed between its moving averages. It stands above the 20-day line at 6,167 and the 200-day line at 6,115, but below the 50-day line at 6,249 and the 100-day line at 6,305. The 200-day line runs close to the November low, which makes the area around 6,103 to 6,115 an important support.

The next rate decisions are reasons to read the chart again, not a forecast of a reaction. The ECB left its deposit rate at 2.50 percent on 29 October. The Fed time is Eastern Time, with central European time in brackets.

9 December, usually 2:00 p.m. ET (20:00 CET): Fed rate decision after the meeting of 8 and 9 December (FOMC calendar).

17 December, 14:15 CET: ECB rate decision after the meeting of 16 and 17 December (ECB calendar).

18 December, 12:00 CET: the December FESX contract ends on the third Friday of the month, which is also the final settlement day. Index values between 11:50 and 12:00 CET set the settlement price.

For the euro area, the ECB sets interest rates. What is at stake at the meeting is explained in our article on the ECB rate decision; the US side is covered by the Fed rate decision.

The weekly chart shows a correction after the August high, not yet a change of the larger trend. The index stands 5.3 percent below 6,577 and remains well above the 2025 high at 5,818, which it has held on a weekly closing basis since April.

From open to current level, this week is so far the strongest of the last six. Last week ran from 6,062 to 6,223 and closed at 6,131. This week opened at 6,135, rose to 6,319, fell to 6,103 and stands at 6,232. A close on Friday near the high would look different from a close back under 6,200.

Above the highs at 6,319 the next marks are 6,426 to 6,431. Below 6,021 the weekly chart offers the June low at 5,972 and then the 2025 high at 5,818.

The last completed trading day decides which path applies. Exactly one applies at any time. After Thursday's close at 6,232 it is the waiting path. The price levels are highs and lows from the index data; the closing condition is an editorial guideline. They are reference levels, not order rules.

On the monthly chart the last two closes were lower. August closed at 6,420, September at 6,269 and October at 6,131. October opened at 6,256, rose to 6,311 and fell to 6,021. November so far ranges from 6,103 to 6,319.

The year is still clearly positive. At 6,232 the index stands 7.6 percent above the 2025 close at 5,791. It opened 2026 at 5,786, fell to its 2026 low at 5,377 on 23 March and reached its high in August.

For the year end, 5,818 is the level to watch on the downside. A close above the 2025 high would mean the year ends above the previous year's whole range. This is an observation from the chart, not a target for December.

The logarithmic 3-month chart shows a long-term uptrend since the 2020 low. Each bar is one quarter. A logarithmic scale shows percentage moves at the same size, whichever level the index stands at.

Starting from the 2022 low, each yearly low has been higher. They run from 3,250 in 2022 through 3,803, 4,381 and 4,540 to 5,377 so far in 2026. The index first closed a month above its 2015 high at 3,836 in March 2021 and fell back below it in 2022. Since 2023 each year has set a new high.

The 3-month chart gives no target level for 2027. The level from which the index starts the new year is decided by the year's close in 2026.

There is no reliable point forecast for 2030. The 3-month chart describes a direction, not a target price. The sharp falls of 2020 and 2022 show that such a trend can be interrupted for long stretches.