Major support- 12100
DAX recovered slightly after a more than 300 points dip from high 12491 made on Sep 13th, 2019. German economic data which has been released shows that the economy is in contraction. German manufacturing PMI came at 41.4 much less than 43.5 in Jul while the IFO index slightly positive at 94.6 compared to 94.3 in the previous month. It hits an intraday high of 12372 and is currently trading around 12365.
On the flip side, near term support is around 12120 (300- 4H EMA) and any violation below targets 12000/11850.
The near term resistance is around 12380 and any break above 12490/12595/12655. The major trend reversal is around 12660.
It is good to buy on dips around 12225-250 with SL around 12100 for the TP of 12600.


FxWirePro- Major European Indices
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Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies 



