NEWS: GER30 price increased 0.6%. ECB President Lagarde is scheduled to speak later in the day. Further assurances from the ECB president of unwavering support would provide the markets with comfort.
Possible Scenarios:
If GER30 fails to breach through R2 of 15386.6, our Research Department expects the GER30 to undergo a short-term downward correction.
If GER30 manages to break above its R2 of 15386.6, our Research Department expects the GER30 to extend its gains to its R3 of 15432.8.
Support and Resistance Levels:
GER30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15125.2 |
15171.3 |
15217.4 |
15279 |
15340.5 |
15386.6 |
15432.8 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $118.68 |
(+/-) €100 |
(+/-) £72.25 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.18675
***GBP/USD = 1.38410
Calculations for exchange rate used as of 9:02 (GMT+1) 21/06/2021