Germany- Deut bank provides some of the positive correction – Analysis – 23-8-2019

The Deut price suffered from clear positive pressures in its last trading by stochastic rally towards the overbought level, to delay the negative attack temporarily, to providing some of the positive correction moves by hitting 6.50 level.

But the stability within the bearish channel levels that appear in the above image and the strength of the stability of the resistance at 7.00 makes us expect gathering negative momentum again, which allows the price to renew the negative attempts, to target 6.10 level, to press on the obstacle that is located at 5.80.

The expected trading range for today is between 6.75 and 6.10

The expected trend for today: Bearish