NEWS: GER40 price is rising +0.8% as the economic outlook for the Eurozone is being discussed.
Possible Scenarios:
if GER40 fails to breach through R1 of 18428.32, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 18428.3, our Research Department expects the GER40 to extend its gains to its R2 of 18491.6.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18133.20 |
18196.44 |
18259.68 |
18344.0 |
18428.32 |
18491.56 |
18554.80 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $108.88 |
(+/-) €100 |
(+/-) £77.36 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08877
***GBP/USD= 1.29270
Calculations for exchange rate used as of Monday, July 22, 2024, 11:08 (GMT+1)