Germany: Deutsche bank prepares to resume the decline – Analysis – 8-2-2019

Deutsche Bank shares price kept its stability within the bearish channel, affected by the stability of the initial resistance 9.32, also, stochastic release from the overbought areas paves the way to gather additional negative momentum to increase the chances of reaching 6.90 followed by 6.10 levels.

We will depend on 8.10 level forming additional barrier to increase the chances of forming additional negative trades that agree the negative overview.

The expected trading range for today is between 8.10 and 6.90

The expected trend for today: Bearish