NEWS: GER30 price is rising 0.3% and hitting a new all-time high. Today, the German PMI Manufacturing index continued to reassure investors of a better outlook for the German economy by showing 66.6 points.
Possible Scenarios:
If GER30 fails to breach through R1 of 15113.9, our Research Department expects the GER30 to undergo a short- term downward correction.
If GER30 manages to break above its R1 of 15113.9, our Research Department expects the GER30 to extend its gains to its R2 of 15167.8.
Support and Resistance Levels:
GER30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
14862.2 |
14916.1 |
14970 |
15042 |
15113.9 |
15167.8 |
15221.8 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)117.43$ |
(+/-)100€ |
(+/-)72.5£ |
*1 trading lot is equivalent of 10 units
** EUR/USD = 1.17425
*** GBP/USD = 1.37930
Calculations for exchange rate used as of 09:00 (GMT+1) 1/4/2021