Technical Analysis – GER 30 index pauses sharp downfall near key support; may stay under pressure
Posted on February 25, 2020 at 10:38 am GMTThe German 30 stock index, having unlocked a fresh record high at 13,826 last week, plummeted below the Ichimoku cloud for the first time since August on Monday but the strong cluster of support around 12,950 managed to curb the sharp downfall once again. Technically, there is more downside in store in the near-term according to the RSI and the Stochastics which are fluctuating comfortably within the bearish zone but have yet to confirm oversold conditions. This increases the case [..]