DAX struggles to break above channel resistance,targets 10560
DAX has retreated after hitting channel resistance 11600 and short term trend is weak as long as minor resistance 11325 holds.
Any break above 11325 will take the index to next target at 11410/11500/11595.
On the downside break below 11000 will drag the index further down till 10800/10550 in short term.
It is good to sell on rallies around 11160-190 with SL around 11325 for the TP of 10560.
Any break above 11325 will take the index to next target at 11410/11500/11595.
On the downside break below 11000 will drag the index further down till 10800/10550 in short term.
It is good to sell on rallies around 11160-190 with SL around 11325 for the TP of 10560.