Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14601.1 with take profit at 14632.5.
Bearish Preference:
Sell position is envisaged if price trades below 14449.1 with take profit at 14415.2.
Fundamentals:
No major economic data
Comment: DE30 ended bullish yesterday and has currently opened lower during the Asian time this morning due to the mixed sentiments from the ECB press conference held yesterday. However, currently DE 30 is trading above the 48 Moving average which is representing a level of dynamic support to the bullish trend but looking at it from H1, price is currently ranging between a fixed resistance of 14598 and support of 14501.
Analysis: SCRUM Team
