Futures on the German stock index DAX30 (FDAX) try to find support in the 50-day moving average. Investors remain positive about the prospects for the euro zone’s largest economy in the near future. This optimism is also supported by the dynamics of leading macroeconomic indicators.
Data from the Ifo and ZEW beeped on accelerating growth. In addition, during the last press conference, Mario Draghi made it clear that while the European Central Bank is committed to implement a program of quantitative easing completely. Seek opportunities for shopping in the preparation of technical signals on the resumption of the uptrend.
|DAX 30 chart|
Support and resistance levels
Support 1 11700
Support 2 11430
Current price: 11897
Resistance 1 11910
Resistance 2 12176
DAX30 (FDAX) – buy FDAX – Buy, if the quotes will close above the resistance level of 11910. Purpose – 12176 or 12424 Stop-Loss = 11690
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.