Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14414.1 take profit at 14437.0.
Bearish Preference:
Sell position is envisaged if price trades below 14194.2 take profit at 14155.3.
Fundamentals:
2:15pm EUR ECB President Lagarde Speaks
Comment:
European shares were subdued at the close on Monday after choppy trading, as the surge in energy stocks was offset by investors concerns around fighting in Ukraine. Investors were closely tracking the war in Ukraine, For the ECB to say you could expect some policy divergence seems a bit strange at this moment unless there’s going to be some future policy announcement from the ECB that they’re going to take more notice of the growth deteriorating prospects caused by the fighting in Ukraine.
Analysis: SCRUM Team