DAX30 has jumped sharply on Friday following footsteps of US markets. US markets closed higher for 4th consecutive weeks on US-China trade hopes and jumped nearly more than 14% from low made on Dec 26th 2018. DAX formed a minor bottom around 10281 and shown a massive recovery of more than 9.50%. It hits high of 11260 and is currently trading around 11186.
The index is holding well above 11000 level and this confirms further bullishness a jump till 11592/11869 likely.
On the lower side, any violation below 10781 (78.6% fib) confirms minor weakness and break below targets 10689/10402.
It is good to buy on dips 11000 with SL around 10780 for the TP of 11590/11869.
