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Add as a preferred source on Google DAX30 breaks minor trend line resistance at 9450,jump till 9695/9780 likely Major resistance – 9450 (trend line joining 9508 and 9480) Major support – 9310 (trend line joining 9225 and 9302) The index has broken major intraday resistance 9450 and jumped till 9488 at the time of writing .I t is c…
By FxWire Pro Jul 8, 2016, 8:29 AM UTC
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Major resistance – 9450 (trend line joining 9508 and 9480)
Major support – 9310 (trend line joining 9225 and 9302)
The index has broken major intraday resistance 9450 and jumped till 9488 at the time of writing .I t is currently trading around 9475.
Any break above 9450 will take the index to next level till 9538 (90 H EMA)/9695 (200 HMA).
On the lower side, any violation below 9310 will drag the index till 9225/9161.
Short term bearish invalidation only above 9815.
It is good to buy at dips around 9450-9460 with SL around 9350 for the TP of 9695/9780
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