Germany 30 (DE30EUR) Resumes Uptrend After a Minor Retracement Level 13750

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

Germany 30 (DE30EUR) Long-term Trend: Bullish
Germany 30 is in an upward move. The upward move reaches the high of level 14011 and is pulled back. The index pulled back above the 21-day SMA support and it has resumed a fresh uptrend.

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the uptrend. The index has fallen to level 63 of the Relative Strength Index period 14. This indicates that it is in the uptrend zone and above the centerline 50.

Germany 30 (DE30EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. On January 8 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DE30EUR will rise to a level of 1.618 Fibonacci extensions. That is the high of 14473.10.

4–hour Chart Indicators Reading
The market is above the 30% range of the daily stochastic. It indicates that the index is in a bullish momentum. Meanwhile, the 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

General Outlook for Germany 30 (DE30EUR)
DE30EUR is in an upward move. The index has fallen to the low of 13660 and has resumed an upward move. According to the Fibonacci tool analysis, the index will rise to level 14473.10.



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