Technical Analysis – GER30 index supported by Ichimoku cloud after bearish breakout
Posted on September 23, 2019 at 10:04 am GMTGER30 stock index corrected sharply to the downside and under the 12,300 support level in the face of worse-than-expected PMI readings out of Germany and the whole Eurozone on Monday. Traders are currently waiting to see whether the bears can next breach the bottom of the Ichimoku cloud in the four-hour chart as the short-term bias has switched from neutral to bearish according to the RSI and the MACD. Slipping below the cloud and the 12,262 number, the price may [..]