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Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12527.0 with take profit at 12551.8
Bearish Preference:
Sell position is envisaged if price trades below 12453.4 with take profit at 12430.5
Fundamentals:
8:30am EUR German Flash Manufacturing PMI
EUR German Flash Services PMI
Comment:
The European Central Bank raised its interest rates by 75 basis points last week, and will need to continue doing so despite slowing growth as inflation is too high, said European Central Bank board member Isabel Schnabel earlier Thursday.
Analysis: SCRUM Team
