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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13314.1 with take profit at 13367.7
Bearish Preference:
Sell position is envisaged if price trades below price 13258.5 with take profit at 13235.4
Fundamentals:
No major Fundamental
Comment:
European markets opened in the green on Tuesday, spurred on by a lift in sentiment in Asia, where stocks jumped on news that China will ease some COVID restrictions. As of 03:34 AM EST (0734 GMT), the pan-European STOXX 600 index traded 0.32% higher at 416.40. Germany’s DAX, the CAC 40 in France and the FTSE in the U.K. also rose. The moves come after Asian shares recovered from earlier losses to climb back into positive territory following an announcement from Beijing that the COVID quarantine requirement period for overseas visitors will be halved to seven days. Travelers will then need to spend a further three days at home.
Analysis: SCRUM Team
