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FxWirePro: Buy DAX30 above 11000

Chart Pattern- Double top

 

Major resistance - 11000

 

DAX30 is trading in narrow range for past four trading session between 10977 and 10792. The index jumped nearly 6.75% from low of 10281 and lost more than 1.5% from high of 10977 . It is currently trading around 10923.

 

The index is facing strong resistance around 11000 and any break above targets 11592/11869.

 

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 above 11000 with SL around 10780 for the TP of 11590/11869.

 

 

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February 15 21:00 UTC Released

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-66.6 Bln USD

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31 Bln USD

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-1541 %

January 31 00:00 UTC 548762548762m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 560582560582m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 548762548762m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 548762548762m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 548762548762m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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