NEWS: GER40 price is increasing 0.8% as hopes are high that a US-EU trade deal will be achieved by the August 1st deadline.
Possible Scenarios:
If GER40 fails to breach through R2 of 24288.42, our Research Department expects GER40 to undergo a short-term downward correction.
If GER40 manages to break above its R2 of 24288.42, our Research Department expects GER40 to extend its gains to its R3 of 24376.76.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23787.84 |
23876.18 |
23964.52 |
24082.30 |
24200.08 |
24288.42 |
24376.76 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $116.23 |
(+/-) €100 |
(+/-) £74.65 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.16233
***GBP/USD = 1.33967
Calculations for exchange rate used as of Wednesday, July 16, 2025, 09:50 GMT+1