FxWirePro: DAX faces resistance at 21 day MA, good to sell on rallies

• Major resistance- 10125 (21 day MA)
   
• Major support – 9950 (55 day EMA)
   
• DAX has made a high of 10110 yesterday and declined till 9970 at the time of writing. It is currently trading around 9985.
   
• Minor trend is weak as long as resistance 10125 holds. Any break above 10125 will take the index till 10205 (200 day MA)/10400/10500.
   
• Overall trend reversal only above 10500.
   
• On the lower side DAX is facing support at 9950 and any break below targets 9820/9733/9650

It is good to sell on rallies around 10000 with SL around 10130 for the TP of 9825/9735