Friday, August 17, 2018

DAX30 - 17 August 2018

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Fundamental Highlights

Yesterday was a light day for the DAX rising 0.6% with most German stocks remaining unchanged for the day. US dollar edged lower alongside Treasuries on growing hopes for US-China trade talks. Final inflation and current account from euro area are due today, headlining another light day for the European economic news.

Technical Analysis

After breaking the €12,335 support mark, the DAX looks slightly bullish again from a technical perspective. The RSI looks slightly bullish this morning suggesting a rebound in the next few hours but short sellers may jump back in as we test resistance levels.

Support: 12122.5 12000
Resistance: 12335 12500

Chart (H1)
DAX30_20180817

 
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