Fibonacci Expansion 138.2 Level Is Watched on FRA40



The index, which is on the uptrend, is supported by the fact that the annual inflation figures of the Euro Zone show a decline above the expectations. In the current rise, we will be following the 7 345 resistance, which is indicated by the Fibonacci 138.2% expansion level. If this region fails to limit upward movements, the 7 392 level may enter our radar. On the other hand, if it falls below the 7 290 support in the possible declines, the 7 260 support may come to the agenda.