FxWirePro: DAX recovers after making a low of 9350, good to buy at dips
Major support - 9250 (Jan 20th low) The index has recovered till 9622 at the time of writing after making a low of 7350. It is currently trading at trend is slightly bullish as long as support 9250 holds. On the higher s…
The index has recovered till 9622 at the time of writing after making a low of 7350. It is currently trading at trend is slightly bullish as long as support 9250 holds.
On the higher side minor resistance around 9650 and break above will take the index to next level around 9730/9800/ major resistance is around 9830.
On the lower side minor support is around 9450 and break below targets 9350/9300.
Stoch RSI- Buy
It is good to buy at dips around 9500 with SL around 9350 for the TP of 9730/9820
