The below is the hourly chart of the GER30. The green 5-day EMA has crossed below the orange 10-day EMA (aqua ellipse) and the RSI has dipped below 50 (blue rectangle). These are bearish developments ahead of the high-level meeting between Chinese and US officials regarding trade taking place in Washington. If the EMAs start developing angle and separation it may be on the back of the meeting heading in a disappointing direction. We continue to monitor.
Past performance is not an indicator of future results.
CHART SOURCE: FXCM MARKETSCOPE 2.0