Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16098.2 with take profit at 16107.9
Bearish Preference:
Sell position is envisaged if price trades below 16062.8 with take profit at 16051.9
Fundamentals:
No major fundamental
Comment: The tone in Europe is seen as been circumspect as the region’s central bank is seen as being way behind the Fed in terms of reining in its accommodative monetary policy stance. Only last week President Christine Lagarde stated that the European Central Bank is very unlikely to raise interest rates next year as inflation remains too low.
Analysis: SCRUM Team