GER30 Starts the Day with Positive Undertone

  • GER30
    (${instrument.percentChange}%)

GER30 - H1

Risk-off sentiment was prevalent during the Asia-Pacific session after China's increased consumer and factory inflation, but European traders enter in better mood.

The index had failed to set fresh record highs during the last two months, but in November, it has already posted fresh high in three days, the latest of which was yesterday (16,105). – in accordance with our latest analysis.

Not much has changed since then, as the subsequent pullback has, once again, respected the EMA100 (black line). Above this level, the GER30 remains in trajectory for higher highs, although it seems to lack impetus for conquering 16,200-31.

On the other hand, progress has been slow, creating risk for a move below 16,000, but the next major area of support (15,840-70) appears to be remote at this stage.


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Nikos Tzabouras

Senior Market Specialist

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.

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