NEWS: The GER40 price increased 0.6% to a record high ahead of the December inflation report for the Eurozone.
Possible Scenarios:
If GER40 fails to breach through R2 of 20948.22, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R2 of 20948.22, our Research Department expects the GER40 to extend its gains to its R3 of 21021.60.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
20532.40 |
20605.78 |
20679.16 |
20777.00 |
20874.84 |
20948.22 |
21021.60 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $103 |
(+/-) €100 |
(+/-) £82 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.02997
***GBP/USD = 1.21948
Calculations for exchange rate used as of Friday, January 17, 2025, 09:00 (GMT)