Germany 30 (DE30EUR) Is Range Bound, Fluctuates Between Levels 12000 and 13000

Germany 30 (DE30EUR) Is Range Bound, Fluctuates Between Levels 12000 and 13000

Key Resistance Zones: 13600, 14000, 14400
Key Support Zones: 11200, 10800, 10400

Germany 30 (DE30EUR) Long-term Trend: Ranging
The index is range-bound between levels 12000 and 13000. Since June the index has been fluctuating within the key levels. Today, price is rising above the support level after a downward move in the previous day. The key levels are yet to be broken.

DE30EUR – Daily Chart

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the upward move. The index is at level 50 of the Relative Strength Index period 14. This indicates that the market is in the uptrend zone and above the centerline 50.

Germany 30 (DE30EUR) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move. In July, the index was in a downward move as it reached level 12200. The sideways move continued as price moves from the low of level 12200.

DE30EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The market is currently below 50 % range of the daily stochastic. It indicates that the market is in a bullish momentum. Meanwhile, the 50-day SMA and the 21-day SMA are sloping sideways move.

General Outlook for Germany 30 (DE30EUR)
DE30EUR is still fluctuating between levels 12000 and 13000. The index is yet to trend as price continues its consolidation. A break above the key levels will cause the pair to trend.



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