Germany 40 index approaches all-time high

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During Tuesday's early European trading hours, the German top 40 stock index surged, as it reached above the 16,000.00 mark. In the near term future, the index was expected to reach the 2021 high level at 16,300.00.

A continuation of the surge of the German index could find resistance in round price levels like the 16,400.00 and 16,500.00 marks. However, take into account that half-thousand and round thousand levels are more likely to have a psychological impact.

On the other hand, a bounce off from the 16,300.00 level might look for support in the 16,000.00 mark and the zone that surrounds it. Below the 16,000.00 zone, the 50 and 200-day simple moving averages could act as support near 15,800.00 and 15,600.00.
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