NEWS: GER40 price is increasing 1.3% on optimism over a potential ceasefire between Israel and Iran, ahead of Federal Reserve Chair Jerome Powell’s upcoming appearance before Congress.
Possible Scenarios:
if GER40 fails to breach through R2 of 23997.74, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R2 of 23997.74, our Research Department expects the GER40 to extend its gains to its R3 of 24095.64.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23442.96 |
23540.86 |
23638.76 |
23769.30 |
23899.84 |
23997.74 |
24095.64 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $116.13 |
(+/-) €100 |
(+/-) £73.44 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.16129
***GBP/USD = 1.36160
Calculations for exchange rate used as of Tuesday, June 24, 2025, 10:40 GMT+1