DAX Near-term Technical Forecast at Important Test
The DAX is once again testing important trend support that arrives via the March 2020 trend-line. It is to be trusted until broken, with a break of 15621 confirming any breakdown that may develop. We also looked at the CAC, but has a little less clear of a picture other than it has been the weaker of the two major European indices.
DAX Daily Chart
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---Written by Paul Robinson, Market Analyst
You can follow Paul on Twitter at @PaulRobinsonFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.