DAX30 faces strong resistance at 9990, break above targets 10350/10400

• Major resistance – 9990 (trend line joining 10348 and 10016)
   
• Major support – 9880 (200 4H MA)
   
• DAX has made a high of 9988 at the time of writing and is currently trading around 9972.
   
• The intra-day trend is slightly bullish as long as support 9880 holds.
   
• Any break below 9880 will drag the index down till 9745/9706/9649 (21 4H MA).
   
• On the higher side, any break above 9990 will take the index till 10350/10400.

It is good to buy above 9990 with SL around  9880 for the TP of 10350/10400