EUR/USD is trading at 1.0928, 0.06% down since previous day close. EUR/USD remains defensive below 1.0950 in European trading due to risk aversion amid Middle East geopolitical tensions and China-Taiwan conflicts. The Relative Strength Index (RSI) rose above 40, indicating a loss of bearish momentum. 1.0950 aligns as a pivot level for EUR/USD, with 1.1000 and 1.1050 as next resistance levels. If 1.0950 holds as resistance, supports could be found at 1.0900, 1.0870, and 1.0800.
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Near Day |
R3 | 1.0944 |
R2 | 1.0939 |
R1 | 1.0932 |
Turnaround | 1.0927 |
S1 | 1.092 |
S2 | 1.0915 |
S3 | 1.0908 |
GER30 is trading at 19396, 0.13% up since previous day close. German stocks remained stable as the DAX index held steady amid mixed economic signals and expectations of an ECB interest rate cut. Preliminary GDP data is set for release later this month, with analysts forecasting a modest 4.6% profit growth for DAX-listed companies in Q3, despite declining earnings estimates. Overall, the DAX reflects cautious optimism as traders await clarity from the ECB and upcoming earnings reports.
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Near Day |
R3 | 20190 |
R2 | 20000 |
R1 | 19490 |
Turnaround | 18200 |
S1 | 17910 |
S2 | 17610 |
S3 | 17000 |
WTI is trading at 73.97, 2.21% down since previous day close. Oil prices fell in early European trade, with Brent down 1.5% at $77.81 and WTI down 1.6% at $74.34. Concerns over sluggish demand in China overshadowed geopolitical tensions, with China’s finance minister announcing spending plans without specifics. Resistance at $76.50 and support near $73.00. A breach below these support levels could signal further declines, while a recovery above resistance may restore bullish sentiment.
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Near Day |
R3 | 77.10 |
R2 | 76.20 |
R1 | 75.70 |
Turnaround | 75.47 |
S1 | 73.5 |
S2 | 72.45 |
S3 | 71.80 |
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