LEO.DE Our expectations: probably the upward movement will continue, positive technical signals with stop at 48.40
Alternative Scenario: Any drop of the price below 48.40 EUR will raise the negative moods and will mean a likely drop to levels around 45
Comments: Upward trend and correction to levels of diagonal support.
price action signal: Two bullish pin bars with long shadows on levels of support - diagonal support and 100 EMA - bullish signal
Correction to levels of support - Fibonacci level 61.8%
DEM points up and passes over 60 - strong positive moods
Stop loss 48.40 EUR
Stefan D. Angelov - Head of Stocks Trading
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.