NEWS: GER40 price is falling -0.8% following lower than expected US GDP data.
Possible Scenarios:
If GER40 fails to breach through S1 of 22350.32, our Research Department expects the GER40 to undergo a short- term upward correction.
If GER40 manages to break below its S1 of 22350.32, our Research Department expects the GER40 to extend its losses to its S2 of 22245.56.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
22140.80 |
22245.56 |
22350.32 |
22490.00 |
22629.68 |
22734.44 |
22839.20 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $113.87 |
(+/-) €100 |
(+/-) £74.82 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.13868
***GBP/USD = 1.33648
Calculations for exchange rate used as of Wednesday, April 30, 2025, 13:50 GMT+1