FxWirePro: DAX30 faces strong trend line resistance at 10270, good to sell on rallies

• Major resistance- 10270 (trend line joining 10875 and 10349)
   
• Major support – 9980 (90 day EMA)
   
• The index has broken psychological resistance 10000 yesterday and jumped till 10122. It is currently trading around 10088.
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• The index should break above trendline resistance 10270 for further bullishness. Any violation above 10270 will take the index to next level till 10375/10500.
   
• On the lower side, any break below 9980 will drag the index down till 9900 (daily Kijun-Sen)/9830 (daily Tenken-Sen)/9765.

It is good to sell on rallies around 10120-140 with SL around 10300 for the TP of 9905/9830