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ASML has started construction on BIC North, a major industrial campus in the Brainport region designed to strengthen its long-term manufacturing and innovation capacity. Shares edge higher on the day, trading at €1,509.
ASML has broken ground on BIC North, a new industrial campus located in the Brainport region. The facility is expected to provide space for up to 20,000 employees, according to Omroep Brabant. The groundbreaking ceremony was attended by Dutch Prime Minister Rob Jetten.
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Price reclaimed the MA-20 at €1,508 during the session after previously closing below that level. Shares of ASML are showing a split daily structure, with the price positioned below the MA-50 but above the MA-20 and MA-200. The Stoch RSI sits in overbought territory, a stretched reading that limits room for further upside.
To gauge whether the event is being priced in, traders should watch for a decisive move beyond key levels. During the session, the price recovered back above €1,508, having closed below it previously, which highlights growing buyer interest at this support. Even so, from here the probability of an upside move is 65% and the downside probability is 35%, with a projected trading range of €1,460 to €1,559 over the coming trading week. A close above €1,522 would confirm acceptance by buyers, while a drop below €1,508 would indicate the move is being rejected. On the weekly chart the longer-term picture stays firmly constructive.
Previously it was reported that policymakers are increasingly weighing the implications of state equity stakes in strategic technology firms, amid ongoing debate about long-term competitiveness and government influence. With ASML shares responding to the BIC North campus development and price action clustered near the €1,508 area, traders should monitor for a clear move above €1,522 or below €1,508 to determine the next directional bias.