The DAX managed to push above the key 11,200 level today, but it could have difficulties to keep up with the recent bull run. The 200-day MA, 61.8% Fib and a rising trendline resistance all await near 11,700.
Although some major market reports came in better than expected, such as PMIs, the eurozone is still far away from a recovery. I am sitting on my hands for this one.
Although some major market reports came in better than expected, such as PMIs, the eurozone is still far away from a recovery. I am sitting on my hands for this one.
