Selling break of GER40 low. GER40 - Intraday - We look to Sell a break of 12999 (stop at 13091)
The bearish engulfing candle on the daily chart is negative for sentiment.
A break of yesterdays low would confirm bearish momentum.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
The bias is to break to the downside.
Our profit targets will be 12778 and 12728
Resistance: 13200 / 13360 / 13450
Support: 13100 / 13020 / 12820
Disclaimer – Saxo Bank Group.
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