Germany30 (DE30EUR)Germany 30(DE30EUR): Trade Plan and Short term Technical View:
The index has reached its supply zone at present. Intraday we can look to sell around $18430-$18460 with SL $18500 Target $18280-$18200.
Daily levels- The trend is bullish till it holds $17500. Key resistance is around $18950. Break above this level is important to reach new levels towards $19400. Prices though are in supply zone at present so a pull back may be expected.
Weekly trend is up till it holds above $17000. Break below this level will negate our bullish view.
RSI is in neutral zone around 58.