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Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 13201.3 with take profit at 13295.3
Bearish Preference:
A Sell position is envisaged if price trades below price 13097.0 with take profit at 13048.8
Fundamentals:
No major fundamental
Comment:
European stock markets traded higher Tuesday, rebounding after the negative start to the week as Chinese authorities pledged to stimulate the world’s second-largest economy. By 03:45 ET (07:45 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France rose 0.9%, and U.K.’s FTSE 100 climbed 0.7%, returning after the long U.K. weekend. China will step up measures to boost demand and stabilize employment and prices in the second half of the year to optimize economic outcomes, the country’s finance ministry said on Tuesday, as policymakers strive to prop up faltering growth.
Analysis: SCRUM Team
