The German DAX 30 index is under as the situation around Greece continues to heat up. Most problematic euro zone debtor will pay about 1.6 billion IMF in June, but the country declares lack of funds. The government Ciparas notes that the maximum concessions made to creditors and is now waiting for steps on their part. Against this background, quotes ready to check the strength of support in 11630. However, a number of factors that support the growth of the index remains relevant.
The European Central Bank is implementing a program of quantitative easing, and even plans to increase the volume of purchases in June, business optimism in Germany is recovering and the euro depreciates. They largely outweigh the risks for German companies, which may arise due to the exit of Greece from the eurozone. We believe that close to important technical support levels DAX ındex may be of interest to search for long positions.
|Dax index chart|
Support and resistance levels
Support 1 11630
Support 2 11420
Current price: 11714
Resistance 1 11900
Resistance 2 12050
DAX 30 index (FDAX) – buy dax ındex – Purchases, if the quotes will move up after testing support 11630. The purpose – 12050. Stop-Loss = 11420
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.