DAX 30: Evidence from the PMI index became an occasion for renewed growth

By | April 1, 2015

Futures on European indices are trying to return to the growth trajectory after the data on PMI index from Italy and Spain for the month of March were better than expected, signaled that business optimism in the euro area continues to recover, a positive response to the program of quantitative easing by the European Central Bank.

Futures on the German stock index DAX 30 (FDAX) ready to test resistance at 12135 and if it is pursued will have a chance to move to the area of 12400.

Dax char
Dax30

Trading analytics

Support and resistance levels
Support 1    11880,0
Support 2    11650,0
Current price: 12114,0
Resistance 1    12135,0
Resistance 2    12500,0

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.

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