- As per our analysis DAX index has shown a huge sell off following footsteps of US equity markets. US stock indices Dow declined 1175 points yesterday biggest drop in history. The biggest fall was mainly due to spiking inflation and rising bond yields.
- DAX index declined more than 6% for the past two days and hits low of 12143 almost 1500 points from the all-time high of 13605. The index is in oversold zone and a minor jump is possible.
- The minor bullishness can be seen only if it closes above 12657 (233- day MA) and any close above will take the index to next level till 12890/13050 (100- day MA). It should break above 13600 for further bullishness.
- On the lower side, near term major support is around 11800 and any break below will drag the index till 11400/11000.
It is good to sell on rallies around 12550-600 with SL around 13200 for the TP of 11860.


EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: USD/ZAR extends decline, scope for further downside
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure 



