Thursday, October 15, 2026

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FxWirePro: DAX30 faces strong support at 9300, good to buy at dips

Major support -9300 Major resistance - 9620 DAX has made a high of 9580 and started to decline from that level. It is currently trading around 9420. Short term trend is slightly bullish as long as support 9300 holds. Any…

By Lis Howell
1 min read
FxWirePro: DAX30 faces strong support at 9300, good to buy at dips
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  • Major support -9300
     
  • Major resistance - 9620
     
  • DAX has made a high of 9580 and started to decline from that level.  It is currently trading around 9420.
     
  • Short term trend is slightly bullish as long as support 9300 holds.
     
  • Any break below 9300 confirms minor trend reversal, a decline till 9150/9079 is possible.
     
  • On the higher side major resistance is around 9620 and break above targets 9797.

It is good to buy at dips around 9400 with SL around 9300 for the TP of 9580/9625

 

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