Major support - 11060 (300- H EMA)
DAX has jumped more than 250 points after taking support near 300- H EMA following footsteps of Wall Street. S&P500 was trading for 6th consecutive day and hits 2-month high after better than expected earnings and good jobs report. The index hits high of 11317 at the time of writing and is currently trading around 11313.
The near term major resistance is around 11325 and any break above targets 11566/11685.
On the lower side, near term support is around 11190 (20- H MA) and any violation below targets 11069/11000.
It is good to buy on dips around 11190-200 with SL around 11050 for the TP of 11560/11680.
