CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

GER30 price increased 0.6%

Fast Moving Market - 21/06/2021

21 June, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

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