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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13835.8 with take profit at 13863.0
Bearish Preference:
Sell position is envisaged if price trades below 13734.9 with take profit at 13713.5
Fundamentals:
No major Fundamental
Comment:
European stock markets traded lower Friday, following the broad sell-off on Wall Street overnight as investors fretted that aggressive central bank tightening will severely curb economic growth. German industrial production slumped in March, falling 3.9% on the month, illustrating the difficulties the Eurozone’s largest economy has had coping with the pandemic restrictions and the war in Ukraine.
Analysis: SCRUM Team
