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DAX breaks minor resistance 8965, targets 9195

Wednesday, February 10, 2016 9:15 AM UTC

Minor resistance - 8966 (7 day 4H EMA)
Major support -8800
DAX has broken minor resistance 8966 and jumped till 9025 at the time of writing . It is currently trading around 9023.
On the higher side any break above 8966 (7 day 4H EMA) will take the index till 9100/9198/9300.
Overall bearish invalidation only above 9650.
The index major support is around 8800 and below that level index will reach till 8680/8350.

It is good to buy at dips around 8950-9000 with SL around 8800 for the TP of 9180/9300

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DAX breaks minor resistance 8965, targets 9195

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