- Major resistance- 9761 (7 day EMA)
- Major support -9430
- DAX has recovered sharply from the yesterday low of 9431 and jumped till 9674 at the time of writing. It is currently trading around 9641.
- The selling from 10374 to 9430 will be completed if the index breaks above 9761.
- Any break above 9761 will take the DAX till 9825/9900 in the short term. On the lower side , any break below 9550 will drag the pair down till 9500/9430/9345/9300.
- Overall bearish invalidation only above 10500.
It is good to sell on rallies around 9670-9680 with SL around 9760 for the TP of 9530/9430/9350
