NEWS: The GER40 price increased 0.6% after Deutsche Bank stock price rose during European trading.
Possible Scenarios:
If GER40 fails to breach through R1 of 18791.90, our Research Department expects the GER40 to undergo a short- term downward correction.
If GER40 manages to break above its R1 of 18791.90, our Research Department expects the GER40 to extend its gains to its R2 of 18837.20.
Support and Resistance Levels:
GER40 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18580.50 |
18625.80 |
18671.10 |
18731.50 |
18791.90 |
18837.20 |
18882.50 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $108.17 |
(+/-) €100 |
(+/-) £79.29 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08169
***GBP/USD= 1.26124
Calculations for exchange rate used as of Wednesday, March 27, 2024, 13:16 GMT