NEWS: GER40 price is increasing 0.8% as investors digested cooling UK inflation data ahead of the release of highly influential US monthly consumer prices report.
Possible Scenarios:
If GER40 fails to breach through R1 of 20614.28, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 20614.28, our Research Department expects the GER40 to extend its gains to its R2 of 20672.24.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
20343.80 |
20401.76 |
20459.72 |
20537.00 |
20614.28 |
20672.24 |
20730.20 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $103.08 |
(+/-) €100 |
(+/-) £81.78 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.03076
***GBP/USD = 1.22276
Calculations for exchange rate used as of Wednesday, January 15, 2025, 11:30 GMT