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The Euro Stoxx 50 is currently just off of all-time high levels, but has been struggling to break above an area of resistance just above the 4K level. To the downside, however, support in the form of the pre-pandemic all-time high just under 3900 has been strong, indicating a strong appetite to buy dips as the EU economy emerges from the pandemic and the ECB’s policy stance remains highly accommodative.
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