ASML Holding N.V. (ASML) surged higher in recent intraday trading after successfully holding above the key support level at $1,730. This rebound coincided with the stock finding support at its 50-day Simple Moving Average (SMA), providing fresh positive momentum that fueled the latest gains. The primary medium-term bullish trend remains firmly in control, while price action continues to move alongside a short-term ascending trendline that supports the current advance. Meanwhile, momentum indicators have begun to generate positive signals after previously reaching extremely oversold territory.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $1,730 remains intact. Under this scenario, the stock is expected to target the key psychological resistance level at $2,000.

Today's price forecast: Bullish.