Daily Market Analysis 27.01.2023: DE30

Instrument: DE30

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 15205.0 with a take profit at 15220.9
Bearish Preference: 
A Sell position is envisaged if the price trades below 15170.0 with take profit at 15153.4
2:30pm USD Core PCE Price Index m/m 

European shares held steady in early trading on Thursday, as traders look ahead to the release of crucial U.S. economic data and examine a new batch of corporate earnings. A slew of major companies is reporting their latest results, with traders keen for any clues they may give about the outlook for the broader economy.

Analysis: SCRUM Team

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