NEWS: The GER40 index is rising 0.84% on a weaker Euro during the European session.
Possible Scenarios:
If GER40 fails to break above Resistance 2 of 18749.4, our Research Department expects GER40 to undergo a short- term downward correction.
If GER40 manages to break above Resistance 2 of 18749.4, our Research expects GER40 to extend its gains to its Resistance 3 of 18818.5.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18357.5 |
18426.7 |
18495.8 |
18588.0 |
18680.2 |
18749.4 |
18818.5 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)108.58$ |
(+/-)100€ |
(+/-)84.23£ |
* 1 trading lot is equivalent of 10 units
** EUR/USD = 1.08580
***GBP/USD= 1.28908
Calculations for exchange rate used as of 11:34 (GMT+1) 23/07/2024