Daily Market Analysis 26.10.2022: DE30

Instrument: DE30+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if the price trades above 13140.8 with take profit at 13238.3
Bearish Preference: 
Sell position is envisaged if the price trades below 13007.9 with take profit at 12927.0
No Major Fundamental

European stock markets opened broadly higher on Tuesday, continuing the previous session’s positive tone as investors digest quarterly earnings from the banking sector, while a key guide of German business sentiment came in above expectations. European equity markets started the week strongly, with both the DAX and the CAC 40 increasing by 1.6% on Monday, tracking gains on Wall Street as investors bet that a pronounced economic slowdown could push the Federal Reserve into softening its hawkish stance.

Analysis: SCRUM Team

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