NEWS: GER40 price is increasing 2.2% following news that the EU is closer to a trade deal with the US administration.
Possible Scenarios:
If GER40 fails to breach through R1 of 23864.56, our Research Department expects the GER40 to undergo a short-term downward correction.
If GER40 manages to break above its R1 of 23864.56, our Research Department expects the GER40 to extend its gains to its R2 of 23954.23.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23446.10 |
23535.77 |
23625.44 |
23745.00 |
23864.56 |
23954.23 |
24043.90 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $115.15 |
(+/-) €100 |
(+/-) £74.12 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.15145
***GBP/USD = 1.34916
Calculations for exchange rate used as of Friday, June 20, 2025, 12:50 GMT+1