In the short term, we place ASML in an intermediate correction that should find its local low above the support at €1,080. Once this bottom is established, we expect subsequent price increases to extend beyond the resistance at €1,741. Alternatively, there is the option of an already ongoing (larger-scale) correction. In this case, price would develop enough downward momentum to break directly below the support at €1,080 (probability: 38%).
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