In light of the tariffs negotiation amid the trade war between USA and China we have seen stocks and indices plummeting, the case of the GER30 is no different, we have it today falling towards 12000 level, and just below there is a resistance which if not broken and fundamentals spur risk on, we can see the price going towards 12150 again, otherwise will visit low 11800 again. At the moment of writing price pivoted around 12050. MACD on 4h chart hits for further.
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Comment
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MACD on 4h chart hints for further losses.
Trade closed: target reached
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Upside target from our analysis reached today at 12150.