Dax Needs To Beat 9535 For Chance Of Recovery

Published 04/08/2016, 07:52 AM
Updated 07/09/2023, 06:31 AM

DAX Chart

Dax will need to beat 9535/40 for any chance of a recovery today and target first resistance at 9620/30. We should struggle here and could turn lower again, but a break above 9660 could take us as far as yesterday's high at 9725/35. Try shorts with stops above 9760.

Failure to beat 9535/40 re-targets yesterday's low at 9473. This is not much of a support, so be ready to sell a break below to target 9430/20 then March lows at 9395. A break below here targets quite good support at 9330/25, but below here look for the next target of 9260/50.

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