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
Fundamentals:
No Major Fundamental
Comment:
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