Instrument: DE30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13808.7 with take profit at 13887.5.
Bearish Preference:
Sell position is envisaged if price trades below 13629.5 with take profit at 13538.9.
Fundamentals:
11:00am EUR ZEW Economic Sentiment
EUR German ZEW Economic Sentiment
4:15pm EUR ECB President Lagarde Speaks
Comment:
European stock markets traded higher Monday on raised hopes for a diplomatic solution to the Ukraine war, but investors remain wary as fighting continues, eurozone finance ministers are set to meet later Monday to discuss potential support for the region’s economy, given the risks to growth in the wake of Russia’s invasion of Ukraine just as it starts to recover from the pandemic.
Analysis: SCRUM Team