Germany30 (DE30EUR)
Germany 30(DE30EUR): Trade Plan and Short term Technical View:
The index has reached its supply zone at present. Intraday we can look to sell around $18430-$18460 with SL $18500 Target $18280-$18200.
Daily levels- The trend is bullish till it holds $17500. Key resistance is around $18950. Break above this level is important to reach new levels towards $19400. Prices though are in supply zone at present so a pull back may be expected.
Weekly trend is up till it holds above $17000. Break below this level will negate our bullish view.
RSI is in neutral zone around 58.
The index has reached its supply zone at present. Intraday we can look to sell around $18430-$18460 with SL $18500 Target $18280-$18200.
Daily levels- The trend is bullish till it holds $17500. Key resistance is around $18950. Break above this level is important to reach new levels towards $19400. Prices though are in supply zone at present so a pull back may be expected.
Weekly trend is up till it holds above $17000. Break below this level will negate our bullish view.
RSI is in neutral zone around 58.
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