DAX30: Sell 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
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
