NEWS: GER30 price is falling -1.2%. The GER30 is tumbling lower on Friday. Only 3 stocks of the 30-issue German equity benchmark index are higher. It is being led lower by Henkel, Allianz, and Infineon.
Possible Scenarios:
If GER30 fails to breach through S1 of 15518, our Research Department expects the GER30 to undergo a short-term upward correction.
If GER30 manages to break below its S1 of 15518, our Research Department expects the GER30 to extend its losses to its S2 of 15489.6.
Support and Resistance Levels:
GER30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15461.2 |
15489.6 |
15518 |
15556 |
15593.9 |
15622.3 |
15650.8 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $119.11 |
(+/-) €100 |
(+/-) £72 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.19114
***GBP/USD = 1.38884
Calculations for exchange rate used as of 13:02 (GMT+1) 18/06/2021