FxWirePro: DAX30 trades higher, market eyes Eurozone CPI

• DAX index was trading slightly higher yesterday and closed at 12345 0.88% higher. US markets was trading mixed with Dow jones showing a minor jump and closed at 24873 (0.47% lower) and S&P500 was trading flat at 2747 (0.08% lower). Overall boarder market struggles as trade war fears linger. S&P500 futures is trading slightly lower and is at 2753 0.17% lower and traders eyes Eurozone CPI data for further direction. Asian stock indices is trading flat following footsteps of US markets.
   
• US Empire state and Philly Fed manufacturing data came at better than expected. The major data to be released in US session are US Building permits and housing starts.
   
• DAX index has formed a minor top around 12605 and started to decline from that level. The index should close above 200- day MA at 12723 for further bullishness.         
               
• The minor bullishness can be seen only if it closes above 12337 (20- day MA) and any close above will take the index to next level till 12500/12605. It should break above 12715 for further bullishness.
   
• On the lower side, near term major support is around 11800 and any close below will drag the index till 11400/11000.The minor support is around 12000.

It is good to buy on dips around 120100-150 with SL around 11975 for the TP of 12600/12715.