German Finance Ministry: Growth Expected in First Quarter

GOOGL is exhibiting a robust bullish trend according to technical indicators: it sits above both the SMA20 and SMA50, above the MACD signal line, and at an RSI of 65. This confluence suggests a modest price uptick is likely in the short term (1‑3 days). However, the RSI approaching 70 and potential market volatility introduce risk factors.

The German Central Bank’s (MB) first‑quarter growth outlook could send a short‑term positive signal to markets. However, technical indicators—particularly the MACD and SMA levels—currently support the prevailing downtrend. The DAX’s 24‑hour decline of 0.39% and the RSI hovering around 46.8 add uncertainty to the market. Consequently, it is difficult to pinpoint a clear short‑term direction; a modest rebound may be expected, but risks remain.

EURUSD is trading at 1.1719, up 0.26% in the last 24 hours. The RSI at 64.28 is approaching overbought territory but still supports the bullish trend. The MACD line remains above the signal line and in positive territory, indicating short-term upward momentum. The price is trading above both the 20-day and 50-day moving averages, reinforcing the bullish trend. The German central bank's growth expectations for the first quarter could positively impact the euro, but the RSI nearing overbought levels increases the risk of a short-term correction.