Trading Conditions
Products
Tools
We should note the DAX is facing off the dynamic resistance offered by the 200 SMA in the H1 chart, where a pullback can happen. However, if the index breaks the highs around the price zone of 10821, then we should turn our outlook to a bullish scenario for a short- and mid-term basis. The RSI indicator remains in the positive territory.
H1 chart's resistance levels: 10723 / 10821
H1 chart's support levels: 10597 / 10499
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the DAX breaks a bearish candlestick; the support level is at 10597, take profit is at 10499, and stop loss is at 10696.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.