NEWS: GER40 price is falling -0.7% as the German Chancelor Merz announced there will be no new Putin – Zelensky meeting
Possible Scenarios:
If GER40 fails to breach through S1 of 23923.45, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S1 of 23923.45, our Research Department expects the GER40 to extend its losses to its S2 of 23844.82
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23766.18 |
23844.82 |
23923.45 |
24028.30 |
24133.15 |
24211.78 |
24290.42 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $116.78 |
(+/-) €100 |
(+/-) £74.12 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.16776
***GBP/USD = 1.34924
Calculations for exchange rate used as of Friday, August 29, 2025, 09:10 GMT+1