Thursday, October 15, 2026

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FxWirePro: DAX faces major support at 9540, good to buy at dips

The index has broken major resistance 9720 and jumped till is currently trading around 9819. Any minor weakness can be seen only below 9560 and any break below 9540 will drag the index down till 9420/9300. The minor supp…

By Lis Howell
1 min read
FxWirePro: DAX faces major support at 9540, good to buy at dips
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  • The index has broken major resistance 9720 and jumped till is currently trading around 9819.
     
  • Any minor weakness can be seen only below 9560 and any break below 9540 will drag the index down till 9420/9300.
     
  • The minor support is around 9700/9610.
     
  • The major long term support is around 9250 and any close below 9250 will confirm further weakness, a decline till 9000/8800 is possible .
     
  • On the higher side resistance is around 9850 and break above targets 10000/10165

It is good to buy at dips around 9700-9750 with SL around 9580 for the TP of 10000/10165.

 

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