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Important support line being approached by GER30. This price has been tested numerous time in the last 4 days

GER30 is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GER30 continues in its current trajectory, we can expect it to reach 11985.5000 within the next 9 hours.

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USD/CAD is quickly approaching 1.3449. We expect either a breakout through this line, or a rebound.

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GBP/USD Target Level: 1.2646

GBP/USD Target Level: 1.2646

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