DE30: Will the winning streak continue?

1:31 PM 10 February 2022

The German benchmark index could continue its recovery on Thursday for a fourth day in a row.

D1 chart

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The DE30 is trading slightly higher ahead of the highly anticipated U.S. consumer prices report, which will be released at 14:30. The data could determine whether the 50% retracement and the previous week's highs will be broken or whether there will be short-term profit-taking.

Source: xStation5

H1 chart

The DE30 could be in the midst of a new upward impulse, assuming that the correction low was reached with last Friday's low at 15,051 points. To confirm the uptrend, the highs at 15,730 points would have to be broken sustainably.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

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