Type : Bullish Rise
Resistance : 13781
Pivot: 13383
Support : 13004
Preferred Case: With the price breaking the descending trendline and DIF line is crossing above the signal line in MACD , if the price could break the pivot at 13383, we could have a bullish bias that the price may rise to the 1st resistance at 13781, where the 78.6% fibonacci retracement and swing highs are.
Alternative scenario: Alternatively, the price may drop to the 1st support at 13004, where the 61.8% fibonacci retracement and overlap resistance are.
Fundamentals: The German Final GDP q/q is higher than the expectation.
Resistance : 13781
Pivot: 13383
Support : 13004
Preferred Case: With the price breaking the descending trendline and DIF line is crossing above the signal line in MACD , if the price could break the pivot at 13383, we could have a bullish bias that the price may rise to the 1st resistance at 13781, where the 78.6% fibonacci retracement and swing highs are.
Alternative scenario: Alternatively, the price may drop to the 1st support at 13004, where the 61.8% fibonacci retracement and overlap resistance are.
Fundamentals: The German Final GDP q/q is higher than the expectation.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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