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FxWirePro: DAX faces strong support at 9250, good to buy at dips

  • Major support - 9250 (Jan 20th low)
     
  • The index has recovered till 9551 at the time of writing after making a low of 7458. It is currently trading at trend is slightly bullish as long as support 9250 holds.
     
  • On the higher side minor resistance around 9600 and break above will take the index to next level around 9695/9800/ major resistance is around 9830.
     
  • On the lower side minor support is around 9450 and break below targets 9380/9310.
     
  • Stoch RSI- Oversold

 It is good to buy at dips around 9450-60 with SL around 9250 for the TP of 9700/9830

 

  • Market Data
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