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FxWirePro: Sell DAX30 below 10550

  • Major intraday resistance- 10612 (21- HMA).
     
  • Major Support -10520 (200- HMA).
     
  • DAX has slightly recovered from the low of 10546 made yesterday. But its upside is capped by21- HMA and any break above 10615 will take the index to next level at 10650/10706 (Sep 22nd 2016 High).
     
  • On the lower side support is around 10520 (200- HMA) and any break below targets 10445/10380 (61.8% retracement of 10182 and 10694).

It is good to sell below 10550 with SL around 10615 for the TP of 10385

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