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 bank shares kept its negative stability recently to notice providing frequent negative closings below the moving average 55 that forms additional resistance at 8.30, also, the price consolidation within the main bearish channel allows us to keep our negative overview that targets 7.52 initially, followed by reaching 6.75 in the upcoming period.
Stochastic attempt to crawl towards the oversold areas supports the continuation of the negativity by providing new negative momentum and increase the chances of reaching the suggested negative stations.
The expected trading range for today is between 8.10 and 7.52
The expected trend for today: Bearish