FxWirePro: DAX30 trades above trend line resistance, jump till 12575 likely
Major support – 11840 The index is trading in narrow range between 12300 (Aug 16th high) and 12037 (Sep 4th 2017). DAX broken major resistance of 12300 at the time of writing and jumped till 12329. It is currently tradin…
The index is trading in narrow range between 12300 (Aug 16th high) and 12037 (Sep 4th 2017). DAX broken major resistance of 12300 at the time of writing and jumped till 12329. It is currently trading around 12340.
On the higher side, any break above 12300 confirms minor bullishness, a jump till 12574 (Jul 20th 2017 high)/12676.
The index bearish continuation can be seen only below 11840.Any break below will drag the DAX down till 11420. The minor support is around 12035/11935.
It is good to buy on dips around 12300-310 with SL around 12170 for the TP of 12570/12660.
