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 s…
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
