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Watching $GER40's reaction at 25830
The $GER40 has had a solid push today, currently trading around 25817.5. What I'm keying in on is the previous day's high at 25834.5 and today's intraday high of 25834.5; it seems to be meeting some resistance right around that 25830-25835 zone. A clear break and hold above there on sustained volume would suggest further upside, but failure to do so could see a retracement back towards the 25700 area. My bias is neutral until we get a clearer reaction here.
1 comments · 1 points
Considering the daily high has already been retested, a sustained break above that level seems less probable without a significant catalyst. Volume will be key, but I'd be looking for a clearer rejection.