DAX 30 traders are keeping an eye on yesterday’s low of 10,864. The short-term trend is bullish above this level and bearish below. I think it’s fair to expect a pullback towards this level in today’s session as traders test how strong this new low is and bullish traders will probably use this pullback to enter long with the market.
In the case that 10,864 does not hold as a support, we may see a decline to 10,750, which is a level that acted as a resistance on Monday of last week.
In the long run the DAX 30 will probably be supported given that much of the data out over the last few days has been bullish. Please see yesterday’s update for more on this.
Data on tap in today’s session which is relevant for DAX traders is U.S. durable goods orders, U.S. Markit Services PMI and jobless claims. We also watch the Fed’s preferred inflation gauge and U.S. personal consumption expenditure. Higher inflation readings may prompt a softer EURUSD, which is DAX bullish.
What are the most common trading mistakes? Get the Traits of Successful Traders Guide
ليست هناك تعليقات :
إرسال تعليق