FxWirePro: DAX faces strong resistance around 9860, good to sell on rallies
Major resistance - 9860 (trend line joining 10164 and 9925) The index has recovered till 9848 yesterday and started to decline from that level. It is currently trading at term trend is weak as long as resistance 9860 hol…
Major resistance - 9860 (trend line joining 10164 and 9925)
The index has recovered till 9848 yesterday and started to decline from that level. It is currently trading at term trend is weak as long as resistance 9860 holds.
DAX is facing strong resistance around 9860 and any further bullishness can be seen only above that level. Any break above 9860 will take the index to next level 1000/ minor resistance is around 9766.
On the lower side minor support is around 9700 and break below targets 9635/ term weakness only below 9560.
It is good to sell on rallies around 9750-60 with SL around 9860 for the TP of 9635/9560
