FxWirePro: DAX30 Daily Outlook

• DAX index inched higher after a decline of 0.65%. The index hits low of 11770 and shown a good jump till 12014 level. US indices S&P 500 and Dow jones was trading flat and major decline was due to the tech stocks. NASDAQ composite lost almost 0.8% and closed at 6949.Amazon shares declined sharply almost more than 4%. S&P500 futures is trading flat after a minor decline yesterday is at 2605 0.12% lower. Asian stock indices trading mixed with Nikkei alone slightly on the higher side due to soft yen.
   
• DAX index hits low of 11770 and shown a minor jump and any major weakness can be seen below 11705 low made on Mar 26th 2018.                            
• The minor bullishness can be seen only if it breaks 12000 and any close above will take the index to next level till 12256 (61.8% fibo)/12480. It should break above 12715 for further bullishness.
   
• On the lower side, near term major support is around 11800 and any close below will drag the index till 11400/11000.The minor support is around 12000.

It is good to buy on dips around 11900-925 with SL around 11700 for the TP of 12250/12400.