FxWirePro:DAX30 faces strong trend line support at 10400, good to buy on dips
Major support – 10400 (trend line joining 9302 and 10200) The index jumped sharply after taking support near trend line and jumped sharply from that level. It is currently trading around 10710. On the lower side, any bre…
Major support – 10400 (trend line joining 9302 and 10200)
The index jumped sharply after taking support near trend line and jumped sharply from that level. It is currently trading around 10710.
On the lower side, any break below 10400 will drag the index down till 10025 (Nov 9th low)/9911 (Jul 19th 2016 low).
The major resistance is around 10830 and any violation above targets 11000 .
Short term weakness only below 10000.
It is good to buy on dips around 10580-600 with SL around 10400 for the TP of 11000
