DAX: interesting for shopping in the area 11464.3

By | August 11, 2015

German DAX30 index has every reason to renew sufficiently strong growth. In part, this could push the benchmark published today data on the index of sentiment in the business environment of the German ZEW provided that the figure will be released above expectations. An additional positive factor is the fact that it became known today about an agreement between Greece and creditors project baseline scenarios of the country’s primary budget surplus for 2016 and 2017, as well as the primary indicators of the budget for four years – from 2015 to 2018. This means that Athens will receive financial assistance

In the area of 11,464.3 level of quotes formed a support. In the short term, this barrier can be a good starting point for the resumption of purchases of the index. In addition, the 200 – day moving average steadily pointing upwards, which suggests maintaining the upward trend in the medium term.

dax chart
Dax chart
Trading analytics
DAX30 (FDAX) – buy daxEntry price: 11464,3. Goal: 11645. Stop loss: 11350,3.
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.
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