NEWS: GER40 price is falling -1.0% after news of a potential trade war between the European Union and the United States
Possible Scenarios:
If GER40 fails to breach through S2 of 19894.50, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S2 of 19894.50, our Research Department expects the GER40 to extend its losses to its S3 of 19836.00
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
19836.00 |
19894.50 |
19953.00 |
20031.00 |
20109.00 |
20167.50 |
20226.00 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $103.85 |
(+/-) €100 |
(+/-) £79.97 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.03846
***GBP/USD= 1.25047
Calculations for exchange rate used as of Friday, December 20, 2024, 11:00 GMT