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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13584.6 tp at 13607.4
Bearish Preference:
Sell position is envisaged if price trades below 13501.5 with take profit at 13470.8
Fundamentals:
No major fundamental
Comment:
European stock markets edged lower Tuesday in cautious trading ahead of the release of key U.S. inflation data as well as rising geopolitical tensions. A drop in inflation could be a sign the economy is cooling enough for the Fed to ease its current tightening pace, and Wednesday’s U.S. CPI is expected to come in at 8.7% for July, down slightly from the 9.1% seen in the prior month.
Analysis: SCRUM Team
