ASML: Swept €1,422, I expect a reclaim of €1,557 this week

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ASML: Swept €1,422, I expect a reclaim of €1,557 this weekASML Holding NVEURONEXT_DLY:ASMLForexupgo👑 My call: the chip selloff swept the sell-side down to €1,422 and buyers stepped straight back in. I lean 60/40 that ASML reclaims the 50-day MA (~€1,518) and squeezes to the 21-day MA (~€1,557) this week. Context: ASML (Euronext Amsterdam) closed at ~€1,496 (+1.3% on the day) after a -5% week. Price sits just under the 50-day MA, the line that has carried the uptrend since the summer. Can buyers hold the reclaim? 🐂 Bull case Trigger: a daily close back above €1,518 (50-day MA). Target: €1,557, then €1,564 (weekly high) and €1,674 (20-day high). Invalidation: a new low below €1,422. 🐻 Bear case Trigger: rejection at €1,518 plus a 4H MSS lower. Target: a retest of €1,422, and on a break a deeper flush toward €1,400. Invalidation: a daily close above €1,557. Liquidity map: the stops sit above the weekly high at €1,564. The sell-side under €1,422 has already been taken, so I expect the buy-side to get hit first. Watch the semis (NVDA, TSM, ASMI, BESI): ASML rarely moves alone. Bear trap or just a pause before the next leg down? Drop your take 👇 Not financial advice. Manage your risk.