The breach of March 2022 resistance for the DJ Eurostoxx 50 accompanied by a new short-term high in DJ Eurostoxx 50 Daily OB/OS momentum looks like a short-term buy signal.

Short-Term (days/weeks): positive for the DJ Eurostoxx 50 (was neutral)
The DJ Eurostoxx 50 was sharply higher last week, breaching trend resistance from the December 2021 high as Daily OB/OS momentum turned positive.
At the close on Friday, DJ Eurostoxx 50 was testing new resistance at the March, November and December 2022 highs; Daily OB/OS momentum was at a moderately overbought new short-term high.
The breach of March 2022 resistance for the DJ Eurostoxx 50 accompanied by a new short-term high in DJ Eurostoxx 50 Daily OB/OS momentum looks like a short-term buy signal.
The short-term outlook (days/weeks) for the DJ Eurostoxx 50 is now positive (was neutral).
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): positive (was negative)
Intermediate breadth and momentum indicators for Europe/UK were mostly higher week-on-week at the close on Thursday, including FT All Share and DJ Stoxx 600 Intermediate Term Indicators and Money Flow of the Average DJ Stoxx 600 Stock ; the Money Flow of the Average FT All Share Stock was unchanged.
The DJ Stoxx 600 and FTSE were both higher week-on-week at the close on Thursday; both indices turned up at intermediate price support. The DJ Stoxx 600 is near intermediate price resistance and the FTSE is testing intermediate price resistance. See Weekly Charts, pages 7 and 8, attached.
Mostly higher intermediate Europe indicators of breadth and momentum as the DJ Stoxx 600 and FTSE turn up at trend support looks like an intermediate buy signal.
The intermediate trend (weeks/months) for the key US equity market is positive too: see US Report.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity indices is now positive (was negative).