Economies.com provides the latest technical analysis and forecast of the European stocks, in order to keep track of the trend of the EU stocks.
Deutsche price ended its sideways fluctuation by providing a new negative close below the initial resistance at 9.32, to keep its main stability within the bearish channel levels that appear in the above image.
Stochastic surpass to the overbought level confirms getting rid of the positive pressures, to increase the chances for gathering the negative momentum again, to ease the price mission to reach to the negative stations that are represented by 5.60 level reaching to the critical support at 4.00.
The expected trading range for today is between 7.30 and 5.60
The expected trend for today: Bearish