European stock markets deepened downward move on Thursday. Once again indices from the Old Continent have moved sharply lower after opening of the European cash session. DE30 dropped to as low as 12,350 pts before recouping part of declines. Drivers behind sell-off remain unchanged - spiking Covid-19 cases and lack of breakthrough in US stimulus and Brexit talks. Final US presidential debate will be held tonight at 2:00 am BST and traders should be ready for possible, abnormal moves.
DE30 broke below 12,475 pts and realized the first target of the head and shoulders pattern. So far, declines were halted at the 12,350 pts support zone. Source: xStation5
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