The EURO STOXX 50 index represents the Eurozone’s leading supersectors and is structured on free-float market capitalisation, with a cap of 10 per cent for each constituent. It serves as the basis for over 25 billion euros in ETF assets and is a popular choice for futures and options trading on Eurex.
After peaking in 2000, the index faced a nine-year correction, concluding in 2009. It has recently surpassed its previous 2000 high in 2025, indicating the onset of a new bullish trend, which has been awaited for 25 years.
New Bullish Cycle
The recent movement above the 2000 peak suggests a new bullish cycle. The ongoing rally since 2009 is now in its 16th year, progressing beyond previous cycles. The analysis of past performance indicates that traders might see opportunities for entry around the 100 to 161.8% Fibonacci extension area.
Projected long-term targets for the index range from 7281 to 8587, indicating a potential minimum increase of 33.7% from current values. Market dynamics suggest that buyers may maintain control as long as key support levels remain intact, and previous low pullbacks could present advantageous buying opportunities.
What we see now is an index that has not only surpassed its prior peak from the early 2000s but has done so in a way that hints at a lasting shift in direction. It took nearly a decade to correct after that initial high, forming a long-term base from which it is now moving decisively. Any trader familiar with such technical setups knows that when an asset clears a two-decade resistance level, it is unlikely to be a short-lived move. The implications of this stretch far beyond daily or even monthly price action.
Looking at historical trends, we notice that past bull cycles in the index have maintained momentum for extended periods once new highs were secured. Given that this current move is already in its 16th year, it is worth paying attention to how it continues to behave beyond known extension levels, particularly the 100% and 161.8% Fibonacci projections. If past patterns hold, market participants could see these zones acting as key areas where price either consolidates or accelerates further.
Key Support And Resistance Levels
The fact that previous lows have often provided springboards for renewed buying adds to the case that dips could bring opportunity rather than risk. Many will be watching if previous resistance levels now turn into support. If the index holds above those areas, there could be a continued push higher towards projected long-term targets between 7281 and 8587. That would represent an increase of no less than 33.7% from where we are now, making it an area to watch closely.
Momentum remains in favour of buyers, and unless price action suggests otherwise, sellers may struggle to gain control. The broader trend remains intact, and as long as key supports do not give way, we may continue to see bullish activity on pullbacks. Those managing risk in the derivatives space will likely focus on these structural levels to guide their approach in the coming weeks.
